Story perspectives
Houthi Attack Hits Saudi Oil Hub, Prices Surge Past $100
8/1/2026
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Story summary
- Yemen's Houthi militants said they struck Saudi Arabia's Abqaiq oil facility, which satellite imagery confirmed with smoke.
- U.S. President Donald Trump pledged to increase attacks on Iran and its proxies after the Saudi strikes.
- Oil prices topped $100 a barrel, the first time since May, after resumed U.S. and Iranian strikes.
- Mohammed al-Basha and Michael Ratney warned the attacks raise risk to oil supply and could push gasoline prices higher.
