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Oil rises as Saudi pipeline shutdown tightens global supply

Oil prices moved higher after Saudi Arabia halted its East-West crude pipeline following attacks on energy infrastructure. Brent crude climbed toward $108 a barrel after gaining nearly 9% the previous week, while West Texas Intermediate traded…

Crude prices log biggest weekly gain since July as U.S.-Iran tensions escalate

News

West Texas Intermediate crude held near $91 per barrel and Brent near $96 as Labor Day weekend closed out the strongest weekly gain for oil since July, roughly 8 to 9 percent. The move was underpinned by a Saturday military exchange in the Gulf…

Hormuz developments lift Brent crude above $90

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Brent crude traded above $90 on August 31, 2026, as U.S.-Iran developments supported oil prices. Rigzone reported that Naeem Aslam, chief investment officer at Zaye Capital Markets, linked the support to uncertainty over shipments through the…

Iran moves Strait of Hormuz service fee proposal forward

News

An Iranian parliamentary committee advanced a provision that would permit Tehran to collect service fees from vessels authorized to cross the Strait of Hormuz, according to Al Jazeera’s August 24 live coverage. The proposal covers navigation,…

Oil opens higher as markets assess Saudi and tanker attacksOctober 14, 2026 - 6:30 am
Oil goes higher as U.S. carrier deployment draws market focusOctober 7, 2026 - 6:45 am

News

Oil rises as Saudi pipeline shutdown tightens global supply

Crude prices log biggest weekly gain since July as U.S.-Iran tensions escalate

Hormuz developments lift Brent crude above $90

Iran moves Strait of Hormuz service fee proposal forward

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