Oil Climbs to One-Week High on Houthi Strikes; US Stocks Flat; TASI Slips on Reopen - Modern Money Experts

Oil Climbs to One-Week High on Houthi Strikes; US Stocks Flat; TASI Slips on Reopen

مواضيع اخرى

Oil Climbs to One-Week High on Houthi Strikes — US Stocks Flat; TASI Slips on Reopen

Takeaway: Into Friday 25 September 2026 Asia/Dubai morning, the tape that matters is Thursday’s close: oil climbed about 3% to a one-week high after Houthi missiles aimed at Saudi Arabia’s Taif area and the Yanbu Red Sea export hub revived supply fears — Brent settled at US$106.60/bbl (+3.4%) and WTI at US$94.61 (+2.7%), ending a six-session slide — though session highs near +5% were trimmed on reports of US–Iran talks exploring a phased Hormuz reopen. Wall Street finished mixed/flat after wild reversals: the Dow −0.31%, S&P 500 nearly unchanged, Nasdaq +0.01%. Across the Gulf, TASI reopened after Saudi National Day and slipped to 10,604.32 (−0.71%); Kuwait barely green (+0.07%); Qatar −0.71%; Dubai and Abu Dhabi edged lower.

What happened

1) Oil — one-week high on Houthi/Yanbu strikes; Hormuz-talk caps the spike

  • Thursday 24 September 2026 settlement (Nation Thailand / CNA–Reuters): Brent US$106.60/bbl, up US$3.52 (+3.4%) — highest settlement since 15 September and a one-week high; WTI US$94.61, up US$2.45 (+2.7%), ending a six-session losing streak in which it had shed roughly 13%. At session highs both contracts were up about 5% before pulling back.
  • Drivers: Saudi Arabia intercepted six Houthi ballistic missiles aimed at the Taif area and the Yanbu Red Sea export hub. Gains were tempered by reports that US and Iranian negotiators in New York were exploring a phased path that could include reopening the Strait of Hormuz and lifting the US blockade of Iran — talks, not a completed deal.
  • Physical color: Saudi Arabia is raising crude volumes through the East–West Pipeline toward Yanbu, though tanker loadings have not yet restarted. After settlement, Houthi claims of strikes on Aramco facilities in Yanbu and a Riyadh target added to the risk-premium narrative.

2) US equities — flat closes after reversals; yields rise with oil

  • Thursday 24 September 2026 close (Associated Press via ABC News):
  • Dow 51,349.98 (−161.61 / −0.31%)
  • S&P 500 7,704.13 (−1.90 / −0.02%)
  • Nasdaq 26,939.37 (+3.34 / +0.01%)
  • Russell 2000 2,835.57 (−0.1%). AP framed a suddenly shaky Wall Street that whipped through reversals and ended roughly back where it started, with Treasury yields rising alongside oil and bond-market pressure still in focus. Secondary wraps pointed to Meta (~+4.5%) helping Nasdaq finish green, and to afternoon bounce color after Hormuz-talk headlines.

3) Gulf equities — TASI reopens soft; Kuwait thin green; Qatar lower

  • Thursday 24 September 2026:
  • TASI 10,604.32 (−0.71%) — first session back after Saudi National Day (Business Upturn); session high 10,696.06 / low 10,603.44 (close near the day’s floor); prior print Tuesday 10,680.61. Secondary TrustFinance color: one-month low territory with breadth roughly 219 decliners vs 107 advancers.
  • Kuwait All Share 8,837.01 (+6.40 / +0.07%); value ~KWD 87.9m. Main Market +0.23%, Premier Market +0.04% (QNA).
  • QE Index (Qatar) 9,477.68 (−67.86 / −0.71%); volume 153.2m shares; turnover ~QAR 316.2m; 12 companies up / 39 down (QNA). Gulf Times/QNA week wrap also put the week at ~9,477 (−1.88% / −181.33 pts vs prior week).
  • DFM General (Dubai) 5,990.77 (−0.29%); FTSE ADX General (Abu Dhabi) 10,259.55 (−0.09%) (Business Upturn UAE).

Why it matters for Gulf + US-focused Arab traders

  • Oil = kinetic vs diplomacy in one session: Houthi/Yanbu headlines added several dollars; Hormuz-deal talk trimmed roughly half the spike. Diplomacy reports are not the same as verified physical reopen — watch flows and loadings, not just cable copy.
  • US tape = flat is not calm: Nearly unchanged S&P/Nasdaq closes after reversals, with yields rising alongside oil, keep the rates / Fed-path lens live even when geopolitics dominates the oil column.
  • Saudi reopen: TASI’s first post-holiday print slipped despite the overnight crude bid — local breadth was soft. Do not assume “oil up” automatically equals “TASI up” on a reopen day.
  • Kuwait / Qatar: Kuwait held a thin green; Qatar’s −0.71% daily matches a soft week-end print — exporter boards are not one-way with the barrel this week.

Short educational angle

Thursday is a clean example of headline stacking on crude: a kinetic risk (missiles at Yanbu) and a diplomacy headline (Hormuz talks) hit the same session and pulled in opposite directions. Same lesson on equities: a flat close can hide a wide intraday range. Always ask which price discovery window you are reading — settlement, session high, or the reopen after a holiday — before treating one number as the whole story.

Sources

  1. Nation Thailand — oil settle Thu 24 Sep (Brent US$106.60 / WTI US$94.61). https://www.nationthailand.com/news/world/40071450
  2. CNA / Reuters — Oil prices settle up about 3% as Houthi attack on Saudi Arabia lifts supply fears. https://www.channelnewsasia.com/business/oil-prices-settle-up-about-3-houthi-attack-saudi-arabia-lifts-supply-fears-6408881
  3. Associated Press via ABC News — How major US stock indexes fared Thursday 9/24/2026. https://abcnews.com/Business/wireStory/major-us-stock-indexes-fared-thursday-9242026-136734081
  4. Business Upturn — Saudi Tadawul falls Thursday to 10,604.32 (−0.71%). https://businessupturn.com/asia/middle-east-asia/saudi-arabia/saudi-tadawul-falls-on-thursday-as-index-slips-to-10-604/
  5. Qatar News Agency — Kuwait Bourse closes higher at 8,837.01 (+0.07%) (24 Sep 2026). https://qna.org.qa/en/news/news-details?date=24%2F09%2F2026&id=kuwait-bourse-closes-higher
  6. Qatar News Agency — QSE Index closes lower at 9,477.68 (−0.71%) (24 Sep 2026). https://qna.org.qa/en/news/news-details?date=24%2F09%2F2026&id=qse-index-closes-lower
  7. Gulf Times / QNA — QSE week wrap (~9,477, −1.88% weekly). https://www.gulf-times.com/article/734060/business/qse-seen-offering-buying-opportunities-for-long-term-investors

Disclaimer: This article is for educational and informational purposes only and does not constitute investment, trading, or financial advice. Trading and investing involve substantial risk of loss. Past performance is not indicative of future results. Always do your own research and consider consulting a licensed advisor. Modern Money Experts is an educational brand.

إشترك لتصلك تحليلاتنا

إشترك في قائمتنا البريدية للحصول على أخبار تحليلاتنا بشكل مستمر .

ما هي إهتماماتك ؟

"لن نرسل رسائل غير مرغوب فيها أبدًا! تفضلوا بالاطلاع على سياسة الخصوصية الخاصة بنا لمزيد من المعلومات."