Oil
Oil tops $110 as Houthi drone strike near Saudi Shaybah field rattles markets
CEII brief
The National (UAE) reported on 22 Oct 2026: Oil tops $110 as Houthi drone strike near Saudi Shaybah field rattles markets.
Read the full story on The National (UAE)Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
9.5% of world merchandise exports were fuels in 2025Original reporting © The National (UAE). Headline and excerpt quoted with attribution; the full article is available on the publisher’s site. CEII’s context is the Centre’s own and does not represent the publisher.
