WS Investor
14 Sep 2026, 14:14
Brent Crude Surges Above $109 as Saudi Pipeline Shutdown Deepens Supply Fears
Brent crude surged more than 4% on Monday, climbing to $109.33 a barrel as escalating Middle East disruptions intensified concerns over global oil supplies.
The latest rally followed drone attacks that damaged Saudi Arabia’s East-West pipeline, forcing the key route to remain closed over the weekend. The pipeline has become particularly important because it allows Saudi crude to bypass the Strait of Hormuz and reach the Red Sea. Reuters reported that fresh attacks on Saudi energy infrastructure and vessels in the region have compounded supply concerns.
Risks are also increasing around the Bab el-Mandeb shipping route, while a planned meeting between Iran and Gulf states to discuss shipping through the Strait of Hormuz was postponed. The setback reduced hopes for an immediate diplomatic solution to disruptions affecting some of the world’s most important energy corridors.(Reuters)
Brent has now returned to the $109 area after briefly retreating toward $104 late last week. The renewed surge is likely to keep inflation concerns elevated ahead of this week’s Federal Reserve decision, with higher energy costs adding another complication for the interest-rate outlook.
Brent crude surged more than 4% on Monday, climbing to $109.33 a barrel as escalating Middle East disruptions intensified concerns over global oil supplies.
The latest rally followed drone attacks that damaged Saudi Arabia’s East-West pipeline, forcing the key route to remain closed over the weekend. The pipeline has become particularly important because it allows Saudi crude to bypass the Strait of Hormuz and reach the Red Sea. Reuters reported that fresh attacks on Saudi energy infrastructure and vessels in the region have compounded supply concerns.
Risks are also increasing around the Bab el-Mandeb shipping route, while a planned meeting between Iran and Gulf states to discuss shipping through the Strait of Hormuz was postponed. The setback reduced hopes for an immediate diplomatic solution to disruptions affecting some of the world’s most important energy corridors.(Reuters)
Brent has now returned to the $109 area after briefly retreating toward $104 late last week. The renewed surge is likely to keep inflation concerns elevated ahead of this week’s Federal Reserve decision, with higher energy costs adding another complication for the interest-rate outlook.
