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Brent news for September 13, 2026

Brent crude rose sharply after new strikes on Saudi Arabia and the Strait of Hormuz, while Saudi Arabia shut down its East-West pipeline that bypasses the Strait of Hormuz. The pipeline outage reportedly threatens about 4% of global oil supply, and the disruption comes as Houthi actions in the Red Sea tighten shipping conditions. Several banks have raised Brent forecasts amid persistent Gulf shipping disruptions, with analysts warning that further oil price spikes could rekindle recession fears.

How the day unfolded

  1. Brent crude prices surged to four-month highs this week, driven by escalating Middle East tensions that disrupted supply, including Saudi Arabia's closure of the East-West pipeline and a plunge in Hormuz shipping traffic. The IEA reported Saudi oil supply fell to a more than three-decade low following Houthi attacks, while also cutting its 2026 supply outlook due to delayed Gulf recovery. The surge has stoked inflation fears and lifted expectations of Federal Reserve rate hikes, impacting global markets.

  2. Brent crude prices surged to four-month highs as Middle East war risks escalated, with Houthi attacks cutting Saudi oil supply to a three-decade low and forcing the closure of the East-West pipeline. The IEA cut its 2026 oil supply outlook and reported a plunge in Hormuz shipping traffic, while the oil rally stoked inflation fears and lifted expectations of Fed rate hikes. Oil has surged 13% this week.

  3. Brent crude has surged to four-month highs, gaining 13% this week, as escalating Middle East conflict disrupts supply: Houthi attacks have pushed Saudi oil output to a three-decade low and closed the East-West pipeline, while Hormuz shipping traffic has plunged. The IEA cut its 2026 supply outlook amid delayed Gulf recovery, and the price spike has intensified inflation concerns and expectations of Federal Reserve rate hikes.

  4. Brent crude has surged 13% this week as the market reprices Middle East escalation, with Hormuz shipping traffic plunging, Saudi Arabia closing its East-West pipeline, and Houthi attacks tightening their grip on the Red Sea. The IEA cut its 2026 oil supply outlook and said Saudi oil supply has hit a more than three-decade low, while Gulf recovery slips to 2027. These supply-side disruptions matter for Brent because they focus on reduced flows and availability from a key producing region, with ING separately citing supply risks and Saudi cuts.

  5. Middle East escalations, including Houthi attacks and Saudi Arabia's closure of its East-West pipeline, have disrupted oil supply and driven Brent crude up 13% this week. The IEA cut its 2026 supply outlook and reported Saudi oil output at a three-decade low, while shipping traffic through the Strait of Hormuz has plunged. Supply risks and Saudi cuts are cited as supporting prices.

  6. Brent crude surged 13% this week as Middle East tensions escalated, with Houthi attacks disrupting Saudi oil supply and shipping routes, including the closure of the East-West pipeline and a plunge in Hormuz traffic. The rally pushed Brent near $110 before it tumbled following an IEA warning about demand destruction, while diesel prices hit a record. These developments highlight the market's sensitivity to geopolitical risks and supply disruptions.

  7. Brent crude has rallied this week, with headlines citing oil's biggest weekly gain since July as Saudi supply risks mount. Saudi Arabia closed its East-West pipeline as Houthis tightened their grip on the Red Sea, while Hormuz shipping traffic plunged amid an escalating Middle East war. The IEA said Saudi oil supply hit a more than three-decade low after Houthi attacks, a supply-side disruption that matters for Brent as it tightens crude availability and comes alongside concerns over shrinking oil buffers into winter demand.

  8. Brent crude posted its biggest weekly gain since July, surging 13%, as supply risks mounted. Saudi Arabia closed its East-West pipeline and Houthi activity in the Red Sea threatened to disrupt about 4% of global oil supply, while a reported attack on Strait of Hormuz shipping added to concerns. Major banks raised their Brent price forecasts amid persistent Gulf shipping disruptions, and analysts warned of shrinking oil buffers colliding with winter demand.

  9. Brent crude surged 13% this week, marking its biggest weekly gain since July, driven by supply risks after Saudi Arabia closed its East-West pipeline and Houthi activity tightened in the Red Sea. An attack on Strait of Hormuz shipping further heightened concerns, with the IEA warning of a wider supply deficit and major banks raising their Brent price forecasts amid persistent Gulf shipping disruptions.

  10. Brent crude surged 13% this week amid supply disruptions, including the closure of Saudi Arabia's East-West pipeline and heightened tensions in the Red Sea and Strait of Hormuz. The International Energy Agency sees a wider supply deficit due to ongoing Middle East instability, and banks have raised their Brent price forecasts, factors that matter for Brent as they indicate potential constraints on global oil supply.

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