Saudi officials warn oil could hit $180 amid disruptions

Saudi officials warn oil could hit $180 amid disruptions Saudi officials believe oil prices could rise as high as $180 per barrel if disruptions in the Strait of Hormuz persist through the end of April, The Wall Street Journal reported. Prices have been volatile since the war began, with Brent crude briefly nearing $119 per barrel before retreating. Saudi Arabia has continued exports via its Red Sea port of Yanbu, though analysts warn such facilities could become targets. Rusted pipes at an obsolete oil field in Sargentes de la Lora on 13 March 2026 in northern Spain. Cesar MANSO / AFP

Saudi officials believe oil prices could rise as high as $180 per barrel if disruptions in the Strait of Hormuz persist through the end of April, The Wall Street Journal reported.

Prices have been volatile since the war began, with Brent crude briefly nearing $119 per barrel before retreating.

Saudi Arabia has continued exports via its Red Sea port of Yanbu, though analysts warn such facilities could become targets.