The Breakfast Table · ages 9–11 · 2026-10-28
Oil Stays Above $114 While Attacks and Talks Go On in the Gulf
Saudi Arabia says it stopped more drones as three countries meet Iran's leaders.
Oil is the raw material for petrol and diesel, so its price ends up on the signs at filling stations. On Monday a barrel of Brent crude, the price many countries follow, closed at $115.81. Early on Tuesday it was $114.68.
Part of the reason is a fight in the Gulf region. The Houthis, an armed group in Yemen, keep attacking Saudi Arabia, which sells a great deal of oil. Saudi Arabia's allies said they destroyed three drones aimed at the capital, Riyadh, and southern areas on Monday.
There is also some diplomacy. On Monday, senior officials from Saudi Arabia, Turkey and Pakistan met Iran's leaders in Tehran, and Iranian state media said they agreed to keep talking. Buyers are watching the Gulf closely.
Why it matters
Dearer crude can mean dearer fuel, and fuel is part of the cost of getting food and families around.
THE PERSIAN GULF. The Gulf lies between Iran and Saudi Arabia.