Oil prices in the global market continue to rise following attacks by the Houthis on Saudi Aramco’s headquarters, Iran’s targeting of cargo vessels, and the announcement of a new strategy aimed at keeping oil prices high.

According to foreign media, the price of Brent crude oil futures rose by 37 cents—an increase of 0.35%—closing at $106.06 per barrel. Meanwhile, the price of U.S. West Texas Intermediate (WTI) crude oil climbed by 95 cents, or 1.01%, to reach $95.09 per barrel—its highest level in three weeks.

Phil Flynn, a senior analyst at the Price Futures Group, noted that attacks on vessels passing through the Strait of Hormuz, along with the exchange of strikes between Saudi Arabia and the Iran-aligned Houthis, are driving the surge in oil prices. While Iranian officials declined to provide details regarding the new strategy for targeting commercial vessels, one official mentioned that Iran had begun employing a different approach for such attacks approximately 10 days ago.

It is worth noting that in September, oil shipments from Gulf nations—including Iran—saw a significant increase, surpassing 81% of pre-war levels. The recovery of Saudi Arabian exports played a key role in this rise. Conversely, due to U.S. sanctions (blockade), Iran’s oil exports have fallen to zero.