# Oil surges on Iran strike plans as U.S. orders Gulf exodus

> Crude prices jump as the U.S. and Israel reportedly plan fresh strikes on Iran after midterm elections, while Washington orders staff out of Saudi Arabia.
- Title: Oil surges on Iran strike plans as U.S. orders Gulf exodus
- Summary: Crude prices jump as the U.S. and Israel reportedly plan fresh strikes on Iran after midterm elections, while Washington orders staff out of Saudi Arabia…
- Keywords: oil prices, iran, united states, israel, saudi arabia, houthis, middle east, brent crude, west texas intermediate, business, finance, Oil
- Source: CNBC — https://cnbc.com/2026/10/22/oil-prices-today-wti-brent-saudi-arabia.html
- Author: Lee Ying Shan
- Published: 2026-10-22T05:12:19+00:00
- Read time: 1 min
- Topics: oil prices, iran, united states, israel, saudi arabia, houthis, middle east, brent crude, west texas intermediate, business, finance
## U.S. and Israel plan Iran strikes
The U.S. and Israeli militaries have drawn up specific plans for renewed strikes on Iran after next month's midterm elections, The New York Times reported, citing unnamed U.S. officials.
## Oil prices climb on Middle East fears
Brent crude futures rose one point seventy-one percent to one hundred ten dollars sixty-seven a barrel. U.S. West Texas Intermediate crude gained one point forty-two percent to ninety-eight dollars fifty-three.
## U.S. orders staff to leave Saudi Arabia
The U.S. has ordered non-emergency government employees and their families to leave Saudi Arabia, citing increasing attacks by Iran-aligned Houthis on civilian targets in the region.
## Modern economies less vulnerable to oil shocks
David Wagner, head of equity and portfolio manager at Aptus Capital Advisors, said gasoline now accounts for about half the share of disposable income it did a decade ago, suggesting households may better withstand elevated…

> one hundred dollar oil today is very different than one hundred dollar oil, you know, twenty, thirty years ago
## Key takeaway

Oil prices rose on reports that the U.S. and Israel are planning renewed strikes on Iran after next month's midterm elections, amid rising Houthi attacks on the region.