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PropInsider Radar Events Oil Opens Higher, Then Falls Amid Middle East Tensions
Medium Priority Neutral Sentiment news

Oil Opens Higher, Then Falls Amid Middle East Tensions

Event Date: Sep 22, 2026

Analysis Summary

Oil prices opened higher on Globex over Houthi attacks on Riyadh but eased as US Central Command reported improving oil and LNG flows through the Strait of Hormuz. Explosions in Sanaa raised Saudi response concerns, while Washington urged Americans to leave Iran amid growing Middle East tensions. Trump ordered then halted Houthi airstrike preparations and asked Ukraine to curb refinery attacks. US–China trade talks proved constructive ahead of the Trump-Xi summit.

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