Oil prices up nearly 3% following new strikes on Saudi, Strait of Hormuz
- Posted on September 14, 2026
- By The Globe and Mail
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- 1 min read
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.
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