ReportedShipping, energy & marketsLondon, United Kingdom
Oil falls nearly 3% as Saudi Arabia offers extra crude via Oman
- Mountain Time
- Local time
- 11:15 PM in London
- Where
- London, United Kingdom
Brent settled down $2.92, or 2.7%, at $105.83 a barrel and WTI fell 3.2% to $102.43 after Reuters reported Saudi Arabia was offering Asian refiners additional crude through ship-to-ship transfers off Oman's Sohar port, easing fears over the pipeline outage.
Why it matters
Riyadh is improvising export routes around both Hormuz and the damaged pipeline, which briefly cooled the rally.
Sources (2)
- CNBCcnbc.com
- Al Jazeera live blogaljazeera.comPublished
Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels
Correction
- Corrected the time from 4:45 PM New York time, Sep 16, 2026 to 11:15 PM London time, Sep 16, 2026; corrected the headline (it read "Rising oil prices and Treasury yields squeeze US consumers as Iran war drags on"); revised the summary; revised the context note; corrected the location from United States to London, United Kingdom; reclassified it from economic to energy-markets; updated the sourcing note; added a source: Al Jazeera live blog. Why and evidence