# Brent crude jumps 5% to $108 on Saudi-Houthi clash

2026-09-25T00:21:31+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 3 independent outlets

Brent crude oil surged 5% to top $108 a barrel on Thursday after a fresh skirmish between Saudi Arabia and the Iran-backed Houthi group threatened Red Sea oil flows. NDTV Profit reports the spike reverses a brief cooling that followed US-Iran truce talks at the UN General Assembly, where US envoy Steve Witkoff and Iranian foreign minister Abbas Araghchi held discussions. The supply picture remains fragile, according to analysts cited by Business Today. While Saudi Aramco restarted its East-West pipeline at reduced capacity and Strait of Hormuz crude shipments averaged 2.9 million barrels per day between September 13 and 18 (up from 700,000 in August), only two commercial vessels transited the strait on Monday against 125 before the conflict. PL Capital's Rajodiya said prices hinge on Iran's seven-day reopening proposal: a deal could extend the decline, but a breakdown could bring back the risk premium. For UAE motorists, Khaleej Times reports petrol prices could rise in October after Brent averaged over $101 a barrel in September, compared with $87.7 in August. UAE deregulated fuel rates in 2015, revised prices are announced at month-end.

## Indian Opinion Analysis

The coverage splits between a dramatic price spike and a fragile recovery. NDTV Profit's two stories lead respectively with a 5% jump to $108 (Saudi-Houthi clash) and a 3% jump to $106 (US-Iran talk uncertainty), framing acute supply risk. Business Today leads with a sixth session of falling prices and the caveat that transit remains well below pre-conflict levels, balancing optimism with caution. Khaleej Times uses the same fragility to forecast UAE pump-price rises. No source adopts a government-critical or political stance, all stay market-reporting. The combined picture suggests traders are pricing in repeated shocks rather than a sustained resolution. The next concrete signal is Iran's seven-day reopening proposal and the UAE's month-end fuel-price announcement.

## Coverage

- ndtvprofit.com (neutral report) <https://www.ndtvprofit.com/markets/crude-oil-price-today-brent-jumps-sharply-to-106-per-barrel-amid-growing-uncertainty-around-us-iran-truce-talks-12091213>
  Leads with spike and links to Saudi-Houthi escalation
- businesstoday.in (neutral report) <https://www.businesstoday.in/markets/stocks/story/crude-oil-prices-extend-decline-for-sixth-session-pl-capital-explains-what-could-happen-next-557321-2026-09-23?utm_source=rssfeed>
  Leads with falling prices, emphasises fragility via analyst quote
- ndtvprofit.com (neutral report) <https://www.ndtvprofit.com/markets/brent-spikes-5-to-top-108-barrel-as-fresh-saudi-houthi-skirmish-heats-up-oil-market-12093960#publisher=newsstand>
  Leads with spike and links to Saudi-Houthi escalation
- khaleejtimes.com (neutral report) <https://www.khaleejtimes.com/business/petrol-prices-in-the-uae-will-rates-rise-again-in-october>
  Frames global price data to forecast UAE retail impact

Tags: Brent crude, Houthis, Iran, Saudi Arabia, Strait of Hormuz, US Fed
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