Saudi airport attack raises fresh Gulf oil-supply risks
A missile strike on Riyadh’s main airport killed 12 and injured 309, raising the risk of wider US involvement in the Gulf conflict. OI Charts data showed ONGC in short covering and Reliance in short build-up before the attack.
after close1 source ↓machine-written, see hownot a recommendation
- ONGC close
- ₹221.27
- On the day
- +0.67%
- Futures OI, short covering
- -1.9%
- Put-call ratio
- 0.48
- Max pain
- ₹225.00
A missile strike on King Khalid International Airport in Riyadh killed at least 12 people and injured 309 on 10 Oct 2026, according to Saudi civil aviation authorities. The attack was described as the deadliest to hit Saudi Arabia in a decade and intensified pressure on the kingdom and its allies to respond to the Iran-backed Houthi rebels. President Donald Trump indicated that the escalation could prompt the United States to join the conflict, adding a new geopolitical risk to the Gulf oil market
The incident matters for energy traders because Saudi Arabia is a leading oil exporter and any wider confrontation could raise concerns around export infrastructure, shipping routes and regional supply security. The article did not report a confirmed disruption to oil production or exports, so the immediate market implication is a higher geopolitical-risk premium rather than a measured supply loss. Energy stocks may therefore remain sensitive to headlines from Saudi Arabia, Yemen, Iran and Washington ⚡
OI Charts data for 9 Oct, before the attack, showed ONGC closing at ₹221.27, up 0.7% on the day, while its 20-session return was down 5.5%. Its futures showed short covering, with open interest down 1.9%; the ₹220 put had the largest put open interest, the ₹225 call had the largest call open interest and max pain stood at ₹225 for the 27 Oct expiry. The stock remained close to its 52-week low of ₹218.53 recorded on 8 Oct.
Reliance closed at ₹1,170, down 0.7% on 9 Oct, with a 20-session decline of 8.5%. Its futures showed short build-up, as open interest rose 1.5%; the largest put open interest was at ₹1,160, the largest call open interest at ₹1,250 and max pain at ₹1,210 for the 27 Oct expiry. The stock’s 52-week low was ₹1,160 on 9 Oct.
Traders will watch for any confirmed damage to energy infrastructure, changes in Saudi export flows, further US military statements and developments involving the Houthis and Iran. The next price response will also show whether the geopolitical premium persists beyond the initial headlines
Source: NBC News, 11 Oct 2026
Not investment advice. For informational purposes only.