Oil Price Today Surges Above $100 as Saudi Pipeline Attack Raises Supply Concerns
Oil prices moved sharply higher on September 14, 2026, as fresh attacks in the Middle East increased concerns about global energy supplies. Brent crude rose above $107 per barrel, while U.S. West Texas Intermediate (WTI) crude moved above $102 during Monday trading. The latest increase came after new security incidents involving Saudi Arabia and shipping routes in the Gulf added to worries about oil supply disruptions. Why Is Oil Price Rising Today? Several developments are putting pressure on global oil markets. One major concern is the temporary shutdown of Saudi Arabia's East-West oil pipeline following an aerial attack. The pipeline is an important route because it allows Saudi crude to reach the Red Sea while bypassing the Strait of Hormuz. At the same time, fresh attacks and security concerns involving ships in the Strait of Hormuz have increased uncertainty about the safety of one of the world's most important energy shipping routes. Brent and WTI Oil Price Update Oil ...