Oil rises on Saudi pipeline and Bab al-Mandeb risk
Oil prices increased in early European trading as attacks shut a key Saudi pipeline and Yemen’s Houthi militants tightened control of the Bab al-Mandeb Strait.
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Gasoline Rises Toward 7-Week High
US gasoline prices rose to around $3.37 per gallon, nearing a seven-week high, driven by intensifying supply disruptions. Saudi Arabia’s closure of its East-West oil pipeline has compounded ongoing energy infrastructure attacks and shipping disruptions through the Strait of Hormuz, raising concerns over crude availabil
EIA raises 2026 oil price outlook after Middle East output losses
The EIA now expects Brent crude to average about $91 a barrel in 2026 and WTI $84.65, both higher than its prior forecast. The agency said global oil stocks have fallen by an estimated 400 million barrels this year and cited reduced Middle East production and exports.