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Oil prices rose more than $2 a barrel on Thursday after Houthi attacks on a Saudi East-West pipeline pumping station, a Yanbu oil facility and an Aramco building in Riyadh. Iran's military also said four tankers were hit in the Strait of Hormuz, and Ukraine reported drone strikes on the Ust-Luga port in Russia.
Attacks on Gulf export infrastructure and Hormuz shipping threaten crude supply, raising energy and diesel costs for feed production, transport and grain drying. Higher energy prices also tend to lift vegetable oil and biofuel-linked feedstock prices.
ca.investing.comNov 12, 2026
live.euronext.comNov 12, 2026After 626 past bullish geopolitics events, Crude Oil (WTI) moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.
After 656 past bullish geopolitics events, Crude Oil (Brent) moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.
After 250 past bullish geopolitics events, ULSD / Diesel moved a median +1.7% over 5 sessions (58% higher; middle half -3.6% to +8.7%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
