Oil Prices Rise on Continued Houthi Attacks and Trump Commentary

Key Facts

1President Trump stated that the Houthis are attempting to boost oil prices through continued attacks.

2Houthi attacks against Saudi Arabia continued on Tuesday, supporting gains in WTI crude.

Oil prices gained ground following reports of continued Houthi attacks against Saudi Arabia on Tuesday, October 13, 2026. According to FX Empire, President Donald Trump stated that the Houthis are attempting to boost oil prices through these persistent attacks, providing upward support for WTI crude and Brent benchmarks.

The price action reflects an increasing geopolitical risk premium as traders assess the impact of regional tensions on global energy supplies. Internal data shows that the API Crude Oil Stock Change recorded a decrease of 2.09 million barrels on October 6, 2026, adding to the broader context of supply-side dynamics in the current market environment.