Commodities

Saudi Pipeline Closure Sends Brent Crude Prices Soaring

Guavy AI Editorial Team Published September 15, 2026

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Oil

Crude oil prices have surged as Brent futures jumped $3.7 to $109 due to Saudi Arabia's closure of a crucial pipeline after drone strikes.

The East-West Pipeline, vital for transporting oil, may remain out of service for weeks amid rising regional tensions and Iranian threats.

The Houthis have reportedly seized the strategic Perim Island in the Bab el-Mandeb Strait after taking the port city of Mokha on Yemen's western coast.

The Wire

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