{
  "id": 7194521,
  "title": "Oil jumps as Saudi pipeline shutdown worsens global supply crunch",
  "url": "https://urgent.news/2026/09/13/oil-jumps-as-saudi-pipeline-shutdown-worsens-global-supply-crunch",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-13T22:51:02.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/international/global/oil-jumps-saudi-pipeline-shutdown-worsens-global-supply-crunch"
  },
  "original_language": "en",
  "account": "Oil prices surged on Monday as Saudi Arabia halted a key crude pipeline following Houthi militant attacks, deepening a global energy crunch. The East-West pipeline, which bypasses the Strait of Hormuz during the US-Iran conflict, was shut down as a precaution. Brent crude futures climbed 3.46% to $108.23 per barrel, while WTI futures rose 3.15% to $103.20 per barrel. Iran and several Gulf nations had planned a meeting on September 14 to create a temporary shipping lane through Hormuz, but the gathering was postponed due to the pipeline strike. Bahrain declined to attend the meeting, citing the pipeline shutdown. Traders also considered the rapid advance of Iranian-backed Houthi militants along Yemen's Red Sea coast, which could further disrupt shipping through the Bab el-Mandeb strait. The ongoing crisis has fueled inflation worldwide and pushed crude prices up 76% in 2026.",
  "summary": "Traders assessing the regional consequences of a rapid military advance by Houthi militants along Yemen’s Red Sea coast",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 9,
    "also_reported_by": [
      {
        "outlet": "Fortune",
        "title": "After attack on Saudi pipeline, Trump says Houthis don’t want the U.S. involved — ‘everything’s going to work out fine and dandy’",
        "url": "https://urgent.news/2026/09/12/after-attack-on-saudi-pipeline-trump-says-houthis-dont-want-the-u-s",
        "published": "2026-09-12T16:12:12.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Saudi pipeline outage threatens loss of 4% of global oil supply",
        "url": "https://urgent.news/2026/09/13/saudi-pipeline-outage-threatens-loss-of-4-of-global-oil-supply",
        "published": "2026-09-13T12:30:24.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "Saudi pipeline outage threatens loss of 4% of global oil supply",
        "url": "https://urgent.news/2026/09/13/saudi-pipeline-outage-threatens-loss-of-4-of-global-oil-supply-7111210",
        "published": "2026-09-13T12:40:00.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Saudi pipeline outage threatens loss of 4% of global oil supply",
        "url": "https://urgent.news/2026/09/13/saudi-pipeline-outage-threatens-loss-of-4-of-global-oil-supply-7110072",
        "published": "2026-09-13T13:29:32.000Z"
      },
      {
        "outlet": "Jerusalem Post",
        "title": "Saudi pipeline outage threatens loss of 4% of global oil supply",
        "url": "https://urgent.news/2026/09/13/saudi-pipeline-outage-threatens-loss-of-4-of-global-oil-supply-7114441",
        "published": "2026-09-13T14:18:01.000Z"
      },
      {
        "outlet": "CNBC World",
        "title": "Oil prices rise after Saudi Arabia shut down critical pipeline that bypasses Strait of Hormuz",
        "url": "https://urgent.news/2026/09/13/oil-prices-rise-after-saudi-arabia-shut-down-critical-pipeline-that",
        "published": "2026-09-13T22:28:04.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "WTI rebounds toward nearly four-month highs after Saudi pipeline shutdown",
        "url": "https://urgent.news/2026/09/14/wti-rebounds-toward-nearly-four-month-highs-after-saudi-pipeline",
        "published": "2026-09-14T01:24:00.000Z"
      },
      {
        "outlet": "Live Mint",
        "title": "Petrol and diesel prices today: Fuel rates in Delhi, Mumbai, Bengaluru as crude rose after Saudi shut key oil pipeline",
        "url": "https://urgent.news/2026/09/14/petrol-and-diesel-prices-today-fuel-rates-in-delhi-mumbai-bengaluru",
        "published": "2026-09-14T01:49:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}