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The Latest Breaking News from Saudi Arabia

Oil Prices Rise Following Red Sea Territorial Shifts and Saudi Pipeline Disruptions

Saudi Arabia has suspended operations on its East-West oil pipeline following multiple attacks on Thursday, according to the Saudi Press Agency.

inkl · Sep 15

Iran-US war latest: Saudi Arabia says it downed drone near Mecca as US House votes to rein in Trump’s powers

Trump says he is open to negotiations to end the war with Iran, but stresses the final decision rests with him

The Independent UK · Sep 15

Houthis seize strategic Red Sea islands as analysts warn of impending oil crunch

The Yemen militant group captured the islands of Greater and Lesser Hanish, new the chokepoint of Bab al-Mandab strait

The Guardian - AU · Sep 15

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🔴 Middle East live: Pentagon report says Iran war has led to munitions shortfall

The war with Iran has cost the United States around $38 billion as of August 1, the nonpartisan Congressional Budget Office said Tuesday, estimating monthly expenses could rise by billions if the conflict wears on.

France 24 · Sep 15

Saudi Arabia vows to hit back ‘firmly’ after Houthi attacks

Saudi Arabia vowed on Tuesday to respond "firmly" to attacks by Yemen's Houthis after the Iran-backed fighters wounded 13 people in the kingdom’s south following a series of drone and missile attacks. Tensions have escalated since the Houthis pushed their offensive in Yemen and began targeting Riyadh’s ships in the…

France 24 · Sep 15

Saudi pipeline hit by drones to be out of service for weeks, further restricting oil flow

A Saudi oil pipeline faces weeks of repairs after an attack, impacting global petroleum supplies. Houthi rebels captured key Red Sea islands, further threatening Saudi oil exports. This disruption forces the kingdom to shift crude oil away from the Persian Gulf. The pipeline's shutdown threatens extended periods of reduced oil…

The Economic Times · Sep 15

Oil Price Today (September 15): Crude oil rises to $107 as Saudi energy infra attacks raise supply fears. What are experts saying?

Crude Oil Price : On Tuesday, oil prices experienced a significant rise as assaults on Saudi energy infrastructure intensified. The key East-West pipeline in the kingdom is currently down, raising alarms over possible supply disruptions. The situation has worsened with recent attacks by Iran-backed Houthi forces, leading experts to warn…

The Economic Times · Sep 15

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Dollar near two-week high as oil surge lifts yields, Fed hike bets

Strengthening towards a two-week high, the dollar gained ground as oil prices jumped and Treasury yields rose. With a significant rate hike from the Federal Reserve looming this week, market sentiment turned cautious. Stock markets experienced declines, dampening risk appetite and bolstering the dollar’s ascent. The surge in oil prices…

The Economic Times · Sep 15

Oil prices rise as Saudi pipeline outage, fresh attacks raise supply concerns

Oil prices increased as attacks on Saudi energy infrastructure persisted. The kingdom's East-West pipeline remains offline, impacting global oil supply. Houthi forces launched fresh attacks, fueling fears of wider Middle East conflict. Commodity vessel traffic through the Strait of Hormuz has also dropped significantly. Saudi Arabia could exhaust export oil…

The Economic Times · Sep 15

What the closure of Saudi Arabia's East-West pipeline means for oil flows

Saudi Arabia closed a major oil pipeline after a drone attack, raising global energy shortage fears. This closure threatens to remove millions of barrels of oil from the market daily. The war with Iran has already strained energy supplies and increased prices significantly. Consumers worldwide are experiencing higher fuel and…

The Economic Times · Sep 15

Houthis strike Saudi targets anew as talks over Strait of Hormuz stall

Iran-aligned Houthis launched fresh attacks on Saudi Arabia as their advances along Yemen’s Red Sea coast intensified pressure on Riyadh. Gulf states postponed talks with Iran, raising fears of wider regional conflict and oil supply disruptions. Saudi airstrikes continued, while Washington resisted direct military intervention. Crude prices rose amid heightened…

The Economic Times · Sep 15

What the closure of Saudi Arabia's East-West pipeline could mean for oil flows

The war with Iran has plunged the world into an energy crisis

The Independent UK · Sep 14

Yemen: Fact-checking videos claiming to show Houthi rebel attacks

A video claiming to show Houthi rebels ambushing Saudi-backed mercenaries has racked up major views on X. But the FRANCE 24 Observers found it is actually footage of 2024 Houthi military drills. The clip was edited with football commentary and blurred flags, which originally show Israel, the UK and US,…

France 24 · Sep 14

Why Oil Could Keep Rising Toward $120 After a Weekend of Attacks in the Gulf

Oil surged past $108 after Saudi Arabia shut a key pipeline and a ship was struck near Hormuz. Here's what's driving the spike.

Latin Times · Sep 14

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France 24 · Sep 14

Nigeria's Dangote refinery kicks off blockbuster IPO

Nigerian billionaire Aliko Dangote launched the biggest-ever share sale on the African continent, listing 4.1 billion shares in his Lagos refinery on the stock exchange. He framed it as a "people's IPO" to give all Nigerians a chance to share the plant's wealth potentials. Trading is expected to start in…

Barchart · Sep 14

Middle East Supply Constraints Lift Crude Oil Prices

October WTI crude oil (CLV26 ) closed up +1.34 (+1.34%) on Monday, and October RBOB gasoline (RBV26 ) closed up +0.0099 (+0.30%). Crude oil and gasoline prices settled sharply higher on Monday, with crude posting a 3.75-month high. Energy prices are rallying on fears that global oil supplies will tighten...

The Economic Times · Sep 14

Trump says Iran wants deal as Gulf talks delayed, Houthis strike Saudi Arabia

Iran wants a deal with the United States, President Trump stated on Monday. Gulf Arab states postponed a meeting with Iran as fighting widened. Yemen's Houthis attacked Saudi Arabia, targeting a military airbase with drones. Crude oil prices jumped over four percent as a key Saudi pipeline was damaged. The…

Barchart · Sep 14

Crude Prices Surge as Saudi Arabia Closes its East-West Pipeline

October WTI crude oil (CLV26 ) is up +3.30 (+3.30%) today, and October RBOB gasoline (RBV26 ) is up +0.0690 (+2.09%). Crude oil and gasoline prices are sharply higher today, with crude posting a 3.75-month high. Energy prices are rallying on fears that global oil supplies will tighten further after...

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The Conversation · Sep 14

Houthi rebels’ control of Red Sea oil chokepoint exposes deep divisions in Brics

Houthi rebel forces have seized the Yemeni port of Mokha as well as Mayyun Island overlooking the Bab el-Mandab strait. This gives Iran’s most powerful remaining proxy force in the Middle East nearly complete control of Yemen’s entire Red Sea coast.

The Guardian - UK · Sep 14

Gulf states postpone strait of Hormuz talks with Iran as Yemen conflict intensifies

Impasse comes amid growing Saudi anger with Tehran over Houthi advances and strikes on airbase and pipeline

International Business Times · Sep 14

Saudi Arabia's Key Pipeline Has been Hit. 4% Of The Global Oil Supply Could Be Threatened.

Riyadh could take up to six weeks to fix the East-West pipeline, according to a new report.

The Times of India · Sep 14

Munir won’t recue MBS: Why the Mecca Pact's first test is failing Saudi Arabia

As Houthi forces seized Mokha and Perim Island last week, Pakistan's army chief Field Marshal Asim Munir spent the moment on the phone with Iran's foreign minister Abbas Araghchi.

The Guardian - UK · Sep 14

First Thing: Oil prices surge as attacks on Saudi Arabia stoke supply fears

Strike on kingdom’s east-west pipeline could affect 4% of global oil supply

Evening Standard · Sep 14

Oil and gas prices climb after Saudi Arabia closes east-west pipeline

The price of a barrel of Brent crude oil was up by around 3% to 108 US dollars (£80) on Monday morning.

The Independent UK · Sep 14

Houthis seize 2 strategic Red Sea islands, and other Mideast developments

Yemen's Houthi rebels have seized the strategic islands of Greater and Lesser Hanish in the southern Red Sea

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