Oil prices soar above $108 as Houthis strike Saudi infrastructure

Source: Guardian Money 1 hour ago

Iran-linked rebels force closure of east-west pipeline and capture strategic island in Bab al-Mandab strait

Business news – live updates

Oil prices have climbed above $108 a barrel after a series of drone attacks forced Saudi Arabia to close its east-west crude pipeline.

Brent crude, the international benchmark for oil prices, surged to more than $108.5 a barrel on Monday – a 3.7% increase on the day.

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Read the full article on Guardian Money →

Source: https://www.theguardian.com/business/2026/sep/14/oil-prices-rise-drone-attacks-saudi-arabia-east-west-pipeline

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