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ReportedShipping, energy & marketsLondon, United Kingdom

Brent jumps more than $3 to about $108 as Saudi pipeline stays shut

Mountain Time
Local time
11:14 PM in London
Where
London, United Kingdom

Brent crude rose $3.62, or 3.5%, to $108.23 a barrel by 22:14 GMT as trading opened for the week, and WTI rose $3.15 to $103.20, after the shutdown of Saudi Arabia's East-West pipeline, new Houthi strikes on the kingdom and the collapse of the Iran-Gulf Hormuz meeting. Brent held near $108 on Monday morning.

Why it matters

Losing the Saudi bypass on top of Hormuz leaves few buffers for supply, keeping prices near their September highs.

Sources (4)

Confidence: Published by a named news organization. Not yet independently confirmed. About confidence labels

Correction

  • Corrected the time from 11:00 AM Muscat time, Sep 14, 2026 to 11:14 PM London time, Sep 13, 2026; corrected the headline (it read "Oman postpones GCC-Iran Hormuz talks as Brent crude jumps past $107"); revised the summary; revised the context note; corrected the location from Salalah, Oman / Strait of Hormuz to London, United Kingdom; reclassified it from diplomacy to energy-markets; updated the sourcing note; added 2 sources: Al Jazeera live blog. Why and evidence