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Syrian Arab News Agency (SANA) > Latest News > Economy > Oil jumps more than $3 as fresh Gulf attacks fuel supply concerns

Oil jumps more than $3 as fresh Gulf attacks fuel supply concerns

Published: 2026/09/14 9:48 AM
Updated: 2026/09/14 9:48 AM
Oil jumps more than $3 as fresh Gulf attacks fuel supply concerns
AI-generated image illustrating rising global oil prices amid supply concerns and disruptions to crude flows through the Strait of Hormuz.

Beijing, Sept. 14 (SANA) Oil prices jumped more than $3 a barrel in early trading on Monday after fresh attacks targeting Saudi Arabia and vessels in the Gulf renewed concerns over disruptions to Middle East energy supplies.

Brent crude futures rose $3.62, or 3.46%, to $108.23 a barrel by 2214 GMT on Sunday, Reuters reported.

U.S. West Texas Intermediate crude futures climbed $3.15, or 3.15%, to $103.20 a barrel.

The gains extended a sharp rally in oil markets, with prices rising about 13% last week as concerns mounted over supply disruptions in the Middle East and reduced crude flows through the Strait of Hormuz.

Before the outbreak of the war, about one-fifth of global oil supplies passed through the strategic waterway.

R.A/ABD

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TAGGED:Brent crudeGulfOil pricesStrait of HormuzWTI crude
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