Yemen’s Houthis attack Saudi Arabia’s largest oil refinery
Published . Updated .
Oil rose on news of the attack and reports that the US and Israel are prepared for a new round of combat with Tehran.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- CRAK VanEck Oil Refiners ETF
VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story.
- BWET Breakwave Tanker Shipping ETF
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “yemen” (tanker shipping) in this story.
- KSA iShares MSCI Saudi Arabia ETF
iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”).
- EIS iShares MSCI Israel ETF
iShares MSCI Israel ETF holds stocks listed in Israel, which this story is about (“israel”).
- XOM ExxonMobil Holdings
ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
- CVX Chevron
Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USONo price data for this ticker | — | — | — | — | — | — | — |
| XLE | -0.12% | +1.60% | base | after close | after close | after close | after close |
| CRAKNo price data for this ticker | — | — | — | — | — | — | — |
| BWETNo price data for this ticker | — | — | — | — | — | — | — |
| KSANo price data for this ticker | — | — | — | — | — | — | — |
| EISNo price data for this ticker | — | — | — | — | — | — | — |
| XOM | -1.00% | +1.85% | base | after close | after close | after close | after close |
| CVX | -0.66% | +2.17% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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Yemen’s Houthis attack Saudi Arabia’s largest oil refinery Semafor
Source: Semafor
How United States Oil Fund (USO) moved after the last 17 energy shocks
In the last 17 similar stories, United States Oil Fund (USO) moved an average of -0.67% the next day. The best was -0.66% and the worst was -0.68%, from 4 prices.
| Company | When | Average | Largest gain | Largest drop | Prices |
|---|---|---|---|---|---|
| United States Oil Fund (USO) | the next day | -0.67% | -0.66% | -0.68% | 4 |
| United States Oil Fund (USO) | three days later | +2.92% | +5.37% | +0.46% | 4 |
| Select Sector Spdr Tr (XLE) | the next day | +0.01% | +0.52% | -0.55% | 15 |
| Select Sector Spdr Tr (XLE) | three days later | +0.75% | +2.31% | -0.96% | 15 |
- The Week in Charts: North Korean ghost voyages expose gaps in sanctions monitoring | Chinese operators lead surge in Red Sea and Suez vehicle carrier transits
- Oil holds near five-month high as Hormuz, Houthi attacks threaten supply recovery
- Natural Gas and Oil Forecast: Houthis Target Saudi Oil, Can WTI Break $99.72?
- Oil near $110 after Houthi attack claims and Iranian threats
- Crude closes mixed after Houthis claim more attacks on Saudi airports, oil facilities (USO:NYSEARCA)
- NNN Explains: Saudi-Houthi Conflict
The price since 28 Oct 2026: United States Oil Fund (USO) versus the S&P 500
| Company | When | Move | Status |
|---|---|---|---|
| Chevron (CVX) | three days earlier | +2.17% | final price |
| Chevron (CVX) | five days earlier | -0.66% | final price |
| Select Sector Spdr Tr (XLE) | three days earlier | +1.60% | final price |
| Select Sector Spdr Tr (XLE) | five days earlier | -0.12% | final price |
| ExxonMobil Holdings (XOM) | three days earlier | +1.85% | final price |
| ExxonMobil Holdings (XOM) | five days earlier | -1.00% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Kevin Hern sold ExxonMobil Holdings (XOM) (jointly held), worth $100,001 - $250,000 on 31 Aug 2026. That is 58 days before publication. Filed 25 Sep 2026. View the filing.
- Donald J Trump, an executive branch official, bought ExxonMobil Holdings (XOM), worth $250,001 - $500,000 on 31 Jul 2026. That is 89 days before publication. Filed 22 Sep 2026. View the filing.
- Rep. Kevin Hern sold Chevron (CVX) (jointly held), worth $15,001 - $50,000 on 23 Sep 2026. That is 35 days before publication. Filed 13 Oct 2026. View the filing.
- Rep. Maria Elvira Salazar bought Chevron (CVX), worth $1,001 - $15,000 on 2 Sep 2026. That is 56 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, bought Chevron (CVX), worth $15,001 - $50,000 on 26 Aug 2026. That is 63 days before publication. Filed 8 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Red Sea, seven days against thirty
Geopolitics Alpha has 95 stories about Red Sea from the past 7 days and 196 stories from the past 30. That is faster than its usual pace over the past month. “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery” is tagged to Red Sea.
Who is named in “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery”
Companies carried with this story
- USO United States Oil Fund
For “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery,” United States Oil Fund (USO) is linked, with no stored direction, medium confidence. Reason on file: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery.” Reason on file: Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
- CRAK Vaneck Etf Trust
For “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery,” Vaneck Etf Trust (CRAK) is linked, with no stored direction, medium confidence. Reason on file: VanEck Oil Refiners ETF: it holds refiners, whose margins move with fuel prices. Linked by “refinery” (refining) in this story
- BWET Amplify Commodity Trust
Amplify Commodity Trust (BWET) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery.” Reason on file: Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “yemen” (tanker shipping) in this story
- KSA Ishares Msci Saudi Arabia Etf
In “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery,” Ishares Msci Saudi Arabia Etf (KSA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI Saudi Arabia ETF holds stocks listed in Saudi Arabia, which this story is about (“saudi”)
- XOM ExxonMobil Holdings
In “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery,” ExxonMobil Holdings (XOM) is linked, with no stored direction, medium confidence. Reason on file: ExxonMobil Holdings (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
- VLO Valero Energy
Valero Energy (VLO) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery.” Reason on file: Valero Energy (petroleum refining): refiners' margins move with crude and fuel prices. Linked by “refinery” (refining) in this story
- CVX Chevron
Chevron (CVX) is linked, with no stored direction, medium confidence in the 28 Oct 2026 story “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery.” Reason on file: Chevron (petroleum refining): oil producers' profits rise and fall with crude prices. Linked by “oil” (oil) in this story
What Red Sea means for United States Oil Fund (USO)
The 28 Oct 2026 story “Yemen’s Houthis attack Saudi Arabia’s largest oil refinery” names United States Oil Fund (USO) because of Red Sea.
What ties United States Oil Fund (USO) to the headline is this: United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story
Also listed, Select Sector Spdr Tr (XLE): Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story
The price range for United States Oil Fund (USO), and the dates in the story
USO traded between 141.82 and 169.96 across 20 sessions. The latest close on file is 163.62. XLE traded between 61.05 and 69.86 across 20 sessions. The latest close on file is 68.23.
The energy score for United States Oil Fund (USO)
46 out of 100
“Yemen’s Houthis attack Saudi Arabia’s largest oil refinery” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.