# Oil Prices Rise as Energy Attacks Heighten Supply Fears

> Oil prices climb above $110 after drone strikes on Saudi oilfields spark supply concerns.
- Title: Oil Prices Rise as Energy Attacks Heighten Supply Fears
- Summary: Oil prices climb above $110 after drone strikes on Saudi oilfields spark supply concerns. Oil prices rose to $110.18 per barrel as drone attacks on Saudi…
- Keywords: crude oil, brent crude, wti crude, saudi aramco, houthi, iran, drone strike, oil prices, supply fears, goldman sachs, jpmorgan, money
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/commodities/news/oil-price-today-october-22-crude-oil-above-110-as-energy-infra-attacks-heighten-supply-fears-more-tension-ahead/articleshow/135104474.cms
- Author: Veer Sharma
- Published: 2026-10-22T02:14:00+00:00
- Read time: 1 min
- Topics: crude oil, brent crude, wti crude, saudi aramco, houthi, iran, drone strike, oil prices, supply fears, goldman sachs, jpmorgan, money
## Oil prices rise
Brent crude traded 1.18% higher at $110.18 a barrel on Thursday.
## Saudi oilfield drone strike
Houthis struck a Saudi oilfield killing two people in a drone attack.
## Civilian casualties
Houthis killed at least one person and injured eight others at a Dammam airport.
## Iranian explosions
Explosions were reported in Sirik, southern Iran, on Wednesday.
## US diplomatic orders
The US ordered diplomats and family members to leave Saudi missions.
## Iranian defense stance
Iranian Foreign Minister Abbas Araqchi said Tehran was prepared to defend itself.
## US-Israel strike plans
US and Israel drew up plans for renewed strikes against Iran after US midterms.
## Potential targets
Potential targets include Iran's energy infrastructure and nuclear facilities.
## Goldman Sachs scenario
Goldman Sachs expects oil prices to rise to $120 if attacks escalate.
## Key takeaway

Oil prices rose to $110.18 per barrel as drone attacks on Saudi oilfields heightened supply fears.