Oil Tops $111 a Barrel as Houthi Attacks in Saudi Arabia Continue

Oil rose more than 2% to $111.03 a barrel (a standard unit) on October 22, 2026, near a five-month high, after more Houthi group attacks in Saudi Arabia, Reuters reported. That day, Asian stocks fell to a three-month low over tech worries and Gulf tensions. Expensive oil raises fuel and business costs, so how long prices stay high matters.