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Oil prices up nearly 3% following new strikes on Saudi, Strait of Hormuz

  • Posted on September 14, 2026
  • By The Globe and Mail
  • 1 Views
  • 1 min read
In brief

Global crude oil markets experience significant upward pressure following military escalation targeting Saudi Arabian facilities and critical maritime chokepoints. The disruption of the East-West pipeline infrastructure creates substantial supply concerns, with analysts estimating potential losses representing a substantial portion of worldwide petroleum production. Geopolitical tensions in the Middle East continue to drive volatility across energy commodities, affecting price stability and investor sentiment in international markets.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Oil prices up nearly 3% following new strikes on Saudi, Strait of Hormuz
Oil prices up nearly 3% following new strikes on Saudi, Strait of Hormuz

East-West pipeline shutdown ​threatens up to 4% of global oil supply
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Author
The Globe and Mail

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