Saudi Pipeline Shutdown Sends Oil Prices Soaring

Oil prices surged on September 13, 2026, as Saudi Arabia shut down its major East-West pipeline following attacks. This move has exacerbated an already dire energy crisis. Brent crude futures rose towards $107 a barrel, while West Texas Intermediate (WTI) hovered around $102.

The shutdown occurred after Friday's attack on the pipeline, which was used to bypass the Strait of Hormuz during the US-Iran conflict. There is no indication when operations will resume.