Oil prices rise as Saudi attacks overshadow Trump’s diesel deal

Oil prices increased by nearly $2 a barrel following Houthi attacks on two Saudi Arabia airports over the weekend. Brent crude reached a peak of $107.33 and closed near $106 per barrel, rising roughly $1.20 from Friday. These security incidents overshadowed the potential for increased supplies, despite President Donald Trump highlighting a Russia-Ukraine ceasefire on energy targets and new Russian diesel exports. The market reacted primarily to the instability caused by the Iran-backed Houthi strikes.