Brent tops $106 after deadly Saudi airport attack, Ukraine says Russia violated energy ceasefire

Crude oil prices rose Monday after a deadly attack on Saudi Arabia’s airport in Riyadh, while Ukraine said Russia continued to attack its energy facilities.

Brent crude futures, the international benchmark, were up 2% to $106.81 a barrel by 8:45 a.m. ET. U.S. West Texas Intermediate futures traded 2.1% higher to $93.73.

Iran-backed Houthi militants in Yemen attacked King Khalid International Airport in Saudi Arabia’s capital Riyadh on Saturday, leaving 12 people dead and more than 300 injured in a major escalation.

Meanwhile in Europe, Ukrainian President Volodymyr Zelenskyy said Monday that Russia violated the energy ceasefire declared by President Donald Trump. Moscow attacked a gas-production facility in Ukraine, Zelenskyy said.

Prospects of more Russian energy hitting markets after a deal with the U.S. have also risen. Trump said Friday that Moscow will supply more than 4 million tons of diesel to the global market under a deal he struck with Putin during a phone call.

Elsewhere early on Monday, the Saudi-led coalition fighting Yemen’s Iran-backed Houthis said it was dealing with another round of drone and missile attacks directed at Saudi Arabia.

It comes after Iran’s Minister of Foreign Affairs Abbas Araghchi made a phone call to Saudi Arabia’s Minister of Foreign Affairs Faisal bin Farhan bin Abdullah to discuss the region’s recent escalation of events as well as the efforts to address it, according to the Saudi state news agency,