{
  "id": 7209127,
  "title": "Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz",
  "url": "https://urgent.news/2026/09/14/oil-prices-jump-more-than-2-after-new-strikes-on-saudi-strait-of",
  "topic": "world",
  "section": "World",
  "published": "2026-09-14T00:26:44.000Z",
  "source": {
    "name": "Straits Times Business",
    "slug": "straits-times-business",
    "url": "https://www.straitstimes.com/business/oil-prices-jump-more-than-2-after-new-strikes-on-saudi-strait-of-hormuz"
  },
  "original_language": "en",
  "account": "Oil prices surged over 2% on September 14th, 2022 following new Houthi strikes in Saudi Arabia and Iranian attacks in the Gulf, amplifying supply concerns in the aftermath of a key Saudi oil pipeline shutdown. Brent crude futures climbed US$2.90, or 2.77%, to US$107.51 per barrel, while WTI futures increased US$2.27, or 2.27%, to US$102.32 per barrel. The sharp rise initially surpassed 3% at the market's opening bell. The Houthis claimed responsibility for an attack on Saudi Arabia's southern Jazan province, and later, an Iranian projectile struck a ship in the Strait of Hormuz, causing a fire and prompting crew evacuation. Iran reported one fatality and four wounded crew members. The loss of the East-West oil pipeline, which supports up to 4% of global supply, added to the supply risks. Meanwhile, Houthi forces had reached the strategic island of Perim, intensifying control over the Bab el-Mandeb Strait, another vital oil transit lane. Oil prices had already risen 8% over the week due to these disruptions, breaching the US$100 mark for the first time since July. Analysts expected crude oil prices to potentially reach US$119.48 if no operational resolution was reached following recent talks in Oman, or if the pipeline was not quickly restored.",
  "summary": "Oil prices were expected to rise amid growing concerns about risks to supply from Saudi Arabia.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz",
        "url": "https://urgent.news/2026/09/13/oil-prices-jump-more-than-2-after-new-strikes-on-saudi-strait-of",
        "published": "2026-09-13T22:51:02.000Z"
      },
      {
        "outlet": "Times of India",
        "title": "Oil prices jump over 2% as fresh Saudi, Strait of Hormuz strikes fuel supply fears",
        "url": "https://urgent.news/2026/09/14/oil-prices-jump-over-2-as-fresh-saudi-strait-of-hormuz-strikes-fuel",
        "published": "2026-09-14T02:34:47.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz",
        "url": "https://urgent.news/2026/09/14/oil-prices-jump-more-than-2-after-new-strikes-on-saudi-strait-of-7233887",
        "published": "2026-09-14T02:44:38.000Z"
      },
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Oil prices jump more than 2% after new strikes on Saudi, Strait of Hormuz",
        "url": "https://urgent.news/2026/09/14/oil-prices-jump-more-than-2-after-new-strikes-on-saudi-strait-of-7237558",
        "published": "2026-09-14T02:54:00.000Z"
      }
    ]
  },
  "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."
}