A vessel in the Strait of Hormuz was hit by a projectile and caught fire, prompting crew evacuation, as Saudi Arabia closed its East-West pipeline after a drone attack. The disruptions raise concerns about Middle East energy supplies, which have already sent Brent crude above $100 a barrel.
14 September 2026 · The Ghanaian Times →
Oil prices jumped more than 2% on Monday following new Houthi strikes on Saudi Arabia and Iranian attacks on ships in the Gulf, compounded by the closure of a key Saudi oil pipeline that threatens up to 4% of global oil supply. Brent crude futures rose $2.90 to $107.51 per barrel and WTI futures rose $2.27 to $102.32 per barrel.
14 September 2026 · Joy Online →
A regional diplomatic meeting between Iran and Persian Gulf powers, scheduled for Monday, was postponed "in the interests of consensus," according to Oman's foreign minister. The postponement came amid fresh attacks on Middle East oil transit routes and Saudi Arabia's closure of a 1,200-km pipeline damaged in drone strikes.
14 September 2026 · Joy Online →