EconomyOil Jumps as Saudi Pipeline Attack Deepens Energy Crisis

Name: Oil Jumps as Saudi Pipeline Attack Deepens Energy Crisis
Uploaded: 2026-09-14T06:31:23.000Z
Description: Oil rises above $108 a barrel after an attack shuts Saudi Arabia’s East-West pipeline, a key route bypassing the Strait of Hormuz and raising fears of a deeper global energy crisis. A planned Oman-Iran meeting on Hormuz is postponed, while Houthi advances add risks for shipping through the Bab el-Mandeb Strait.

Oil rises above $108 a barrel after an attack shuts Saudi Arabia’s East-West pipeline, a key route bypassing the Strait of Hormuz and raising fears of a deeper global energy crisis. A planned Oman-Iran meeting on Hormuz is postponed, while Houthi advances add risks for shipping through the Bab el-Mandeb Strait.

Bloomberg Television 2026-09-14 06:31