Oil Prices Rise More Than 3% After Houthi Attacks and Hormuz Talks Delay

Oil Prices Rise More Than 3% After Houthi Attacks and Hormuz Talks Delay Fiona Craig Mon, September 14, 2026 at 11:36 AM GMT+2 2 min read CL=F 2222. SR Oil prices rose more than 3% early on Monday as further Houthi attacks on Saudi Arabia, strikes affecting shipping around the Strait of Hormuz and the postponement of planned regional talks increased concerns about Middle East supply disruptions. Brent crude futures gained as much as 3.

5% to $108. 41 a barrel before easing to $107. 37 by 22:42 ET (02:42 GMT).

West Texas Intermediate crude futures rose 3. 9% to $102. 84 a barrel.

The gains followed additional developments affecting oil transport routes in the region, including the Strait of Hormuz and Bab el-Mandeb. Houthi Attacks Affect Saudi Energy and Shipping Routes Yemen's Iran-aligned Houthi group carried out further attacks on Saudi targets over the weekend and increased activity around the Bab el-Mandeb strait. The developments followed attacks during the previous week on Saudi targets including an Aramco refinery and fuel terminal, fuel facilities and airports, as well as vessels in Bab el-Mandeb.

The route has become more important for Saudi oil shipments as some volumes previously transported through the Strait of Hormuz have been redirected towards the Red Sea. Saudi Arabia also said it had shut a major East-West oil pipeline following further Houthi attacks. The pipeline provides an alternative route for crude shipments towards Saudi Arabia's western coast.

"Riyadh has now lost the option to use western exports if the Strait of Hormuz deteriorates again. This is likely to put further upward pressure on oil prices this week," ANZ analysts said in a note. Oman Says Regional Hormuz Meeting Postponed Oman's foreign minister, Sayyid Badr Albusaidi, said on Sunday that a regional meeting between Iran and Gulf states scheduled for Monday had been postponed.

News of the planned meeting had contributed to a moderation in oil price gains during the previous week as markets assessed the possibility that diplomatic discussions could reduce disruptions to regional energy shipments. The postponement has left the timing of further talks uncertain. Oil shipments through the Strait of Hormuz have declined to a fraction of their prewar levels following renewed hostilities between the United States and Iran in August.

The combination of reduced Hormuz traffic, disruption affecting alternative routes and uncertainty surrounding regional negotiations remained in focus across oil markets on Monday.