In the Premier League on Saturday, Aston Villa beat Manchester City 2-1, Arsenal beat Everton 2-0 and Chelsea lost 0-2 to Tottenham. On Sunday Liverpool beat Brighton 2-0, while Manchester United lost 0-3 to Bournemouth.
Europe Explained
Monday 26 October 2026 · No. 9
Top Story The Gulf
Oil Settles at $116.72, Its Highest Since April
Oil Costs More After Attacks in Saudi Arabia
Attacks on Saudi Arabia keep pushing up the price that sets fuel bills across Europe.
Brent crude, the benchmark price for oil traded around the world, settled at $116.72 a barrel on Friday 23 October, up $3.55 or 3.14% on the day. That was its highest settlement since 29 April, and it finished the week up about 6%. US West Texas Intermediate, another benchmark, closed at $103.27 a barrel.
The cause is a new wave of attacks on Saudi Arabia by the Houthis, an armed group from Yemen. Over 48 hours the Houthis claimed attacks on Saudi Arabia's Defence Ministry, two airports and an Aramco oil facility in Yanbu. Two people died in attacks at Dammam airport. On Sunday Saudi Arabia reopened Terminals 1 and 2 at Riyadh's King Khalid International Airport, more than two weeks after Houthi strikes put it out of service. Flight-tracking data showed traffic still limited, and Saudi forces said they intercepted a Houthi missile and drone that day.
Why does the price jump if the oil is still flowing? One analysis says physical supply losses are not confirmed, so the price reflects a probability of disruption rather than missing barrels. In other words, traders are paying for the risk. That is why a ceasefire signal or any new attack can move the price within hours.
Oil is now $116.72 a barrel. That is the highest price since 29 April. It went up about 6% in one week.
A group from Yemen called the Houthis said they attacked targets in Saudi Arabia, including airports. Two people died at an airport in Dammam.
Traders are worried that less oil may reach the market. So they pay more now. When oil costs more, petrol and diesel cost more too, even in Europe.
For grown-ups: sources
- Middle East mayhem: Oil prices jump US$3 on Houthi attacks, oil spill, highest settlement since April
- Oil prices rise as Houthis launch another wave of attacks on Saudi Arabia
- Houthi Attacks on Saudi Arabia Lift Brent, but No Barrels Are Lost
- Saudi Arabia reopens airport as attacks by Houthi rebels persist
World East Asia
Kim Jong Un Crosses a New Bridge Into China
Kim Jong Un Visits China on a New Bridge
North Korea's leader makes his first trip to China in about a year.
North Korea's leader Kim Jong Un visited the Chinese border city of Dandong on Saturday 24 October. He crossed the newly opened New Yalu River Bridge, on his first trip to China in about a year.
The bridge is expected to carry traffic in both directions around the clock, including container shipments and heavy cargo trucks. Beijing and Pyongyang agreed to expand trade and personnel exchanges. A bridge matters because goods can only move as fast as the road they travel on.
Why does a bridge make the news? Think of a road with only one lane: no matter how many lorries are waiting, only so many can pass. A bridge open around the clock removes that limit. That is why the agreement to expand trade and personnel exchanges, announced alongside the visit, depends on infrastructure like this.
In Dandong, Kim visited a memorial marking China's support of North Korea during the 1950-53 Korean War. He also met Wang Huning, a member of the Chinese Communist Party's Standing Committee.
North Korea's leader Kim Jong Un went to China on 24 October. He crossed a new bridge over the Yalu River into the city of Dandong.
It was his first trip to China in about a year. The bridge can carry trucks and containers day and night.
China and North Korea agreed to trade more with each other. Kim also visited a memorial to China's support of North Korea in the Korean War.
🗺️ Where in the world?
United Kingdom The Budget
Chancellor Prepares for the Budget on 28 October
The UK Budget Is on 28 October
It is the first Budget of Prime Minister Andy Burnham's government.
A Budget is the Chancellor's yearly statement of how much tax the government will collect and how much it will spend. Chancellor John Healey will deliver this one on Wednesday 28 October, the first of the government led by Prime Minister Andy Burnham.
Money is tight. One estimate puts the shortfall in the public finances at around 12 billion pounds, while the Institute for Fiscal Studies has said it could be as high as 20 billion pounds. A shortfall means the government expects to spend more than it takes in.
Rises to the rates of income tax, employee National Insurance and VAT are ruled out. So commentators expect changes to thresholds, allowances and reliefs instead. Much of this is prediction by accountancy firms and publishers, not confirmed policy, so the real details will only be known on the day.
A Budget is when a government says how much tax it will collect and how it will spend money. The Chancellor, John Healey, will speak on 28 October.
Money is tight. One guess says the government is short by about 12 billion pounds. Another says it could be 20 billion pounds.
Taxes on income, National Insurance and VAT will not go up. So changes may come in other places.
🗺️ Where in the world?
Did you know?
NASA's Perseverance rover covered in five and a half years the distance on Mars that took Opportunity almost 15 years.
Europe Serbia
Serbia Votes as Students Challenge Its Long-Time Leader
Serbia Holds an Election
Turnout was reported to be the highest since 1992.
SERBIA'S VOTE IN NUMBERS Parties on the ballot; deaths at Novi Sad
Serbia, a country in south-eastern Europe, held a snap parliamentary election on Sunday 25 October. Its 6.4 million voters chose among 18 parties hoping to win seats in the 250-member Parliament. Aleksandar Vucic resigned the presidency in September to run again, this time for prime minister, at the head of his Progressive Party.
His main challenger is a list backed by a student movement, led by cardiologist Ilija Srdanovic. The movement began after the November 2024 collapse of a railway station canopy in Novi Sad, which killed 16 people. Vucic has called the students a foreign-funded coup attempt. The students reject that.
Turnout looked very high. Pollsters CeSID and Ipsos put it at 67.6% by 7 p.m., described as the highest since 1992. At the time of writing, final results were not yet available.
Serbia held an election on 25 October. About 6.4 million people could vote. There were 18 parties.
Aleksandar Vucic wants to be prime minister. Students who protested after a station roof fell in Novi Sad are challenging him. That accident killed 16 people.
Many people voted. Turnout was 67.6% by 7 p.m. The results were not ready yet. Final numbers would come later.
🗺️ Where in the world?
For grown-ups: sources
- Serbia Votes In Snap Parliament Election As Vucic Faces Stiff Challenge From Student-Led Protests
- Serbia holds parliamentary election as populist leader Vucic faces student movement
- Serbia Votes in Historic Election as Students Seek to End Vucic's Long Grip on Power
- Serbia votes as students seek to end Vucic's long grip
- Early reports suggest record high turnout in Serbia elections
Sport
FOOTBALL: VILLA BEAT CITY, UNITED LOSE 3-0
In brief
More news
- Science: a Current Biology study found dwarf reedsnakes roll like wheels at peak speeds about four times their fastest slithering.
- India: Cyclone Arnab is forecast to cross the Andhra Pradesh coast around the forenoon of 28 October, with red alerts in several states.
New words
Words from this issue
- Turnout
- The share of eligible voters who actually vote. Today: Serbia's was put at 67.6% by 7 p.m.
- Chancellor
- The minister in charge of a UK government's money and taxes. Today: John Healey delivers the Budget on 28 October.
- Intercept
- To stop something before it reaches its target. Today: Saudi forces said they intercepted a Houthi missile and drone.
- Shortfall
- The gap when money coming in is less than money needed. Today: one estimate puts the UK's at 12 billion pounds.
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