Oil prices surge amid Middle East tensions and Vietnam fuel hikes

oil price surge Middle East conflict Houthi attacks Vietnam fuel prices energy supply risk

Global oil prices have surged, with Brent crude reaching 106.77 USD and WTI hitting 94.29 USD per barrel as of September 25, 2026. This upward trend is driven by heightened geopolitical risks in the Middle East, specifically following Houthi missile attacks targeting Saudi Arabian infrastructure in Taif and Yanbu. While Saudi Arabia reported intercepting six ballistic missiles, the threat to the East-West pipeline and the Red Sea exit points has fueled fears of supply disruptions.

In Vietnam, the Ministry of Industry and Trade and Ministry of Finance implemented a retail fuel price adjustment effective September 24. Gasoline prices rose significantly, with E10 RON 95-III increasing by 1,451 VND per liter to 27,087 VND per liter. Diesel prices also saw increases, while the government opted not to utilize the Price Stabilization Fund for this adjustment cycle.

Market volatility remains high as discussions between the US and Iran regarding the Strait of Hormuz provide some relief, though tensions persist. Additionally, global diesel markets are facing pressure due to supply constraints and potential US export restrictions.

Entities

Donald Trump · Houthi · Houthi forces · Iran · JP Morgan · Masoud Pezeshkian · Ministry of Industry and Trade of Vietnam · Petrolimex · Saudi Arabia · Saudi Aramco · United States · Vietnam

Claims

What the coverage asserts, and how many sources carry each claim.

[○ 1 SOURCE] Global diesel markets are facing severe shortages due to Russian fuel export suspensions.
[● 2 SOURCES] Houthi forces claimed to have attacked Riyadh and Saudi Aramco facilities in Yanbu. thoibaotaichinhvietnam.vn
[○ 1 SOURCE] Brent crude oil reached 106.77 USD per barrel on September 25, 2026.
[● 2 SOURCES] The fuel price adjustment did not utilize the Price Stabilization Fund. htv.vn · thuonggiaonline.vn
[○ 1 SOURCE] WTI crude oil reached 94.29 USD per barrel on September 25, 2026.
[● 4 SOURCES] Vietnam's Ministry of Industry and Trade and Ministry of Finance increased retail fuel prices effective 15:00 on Sept 24. htv.vn · thuonggiaonline.vn · kinhdoanhvaphattrien.vn
[● 4 SOURCES] E10 RON 95-III gasoline price in Vietnam increased by 1,451 VND per liter to 27,087 VND per liter. htv.vn · thuonggiaonline.vn · kinhdoanhvaphattrien.vn
[● 2 SOURCES] Saudi Arabia intercepted 6 ballistic missiles launched by Houthi forces targeting Taif and Yanbu. vtv.vn