Oil Hits Fresh Six-Week High After Attacks on Saudi Energy Sites
September 8, 2026
News summary: Reuters reported Brent rose 92 cents, or 0.9%, to settle at $97.92/bbl and WTI gained $1.55, or 1.7%, to $93.03/bbl after Houthi attacks set Saudi oil installations on fire. Seven commodity vessels crossed Hormuz on Monday, down from eight a day earlier.
Market context: Risk expanded beyond Hormuz toward Red Sea-linked Saudi infrastructure, increasing the need to separate benchmark price, route, terminal status, freight and insurance in any delivered-cost indication.
Archive date: September 8, 2026