Event Brief
Oil rises to $108 after Saudi closes export pipeline
By The BriefBrief · Sources (40)
Filed: Sep 08, 2026 at 7:00 AM ET
UPDATED Sep 14, 2026 at 8:21 AM ET
Summary: Oil prices rose to $108 after Saudi Arabia closed a vital regional export pipeline. The move followed Riyadh pulling out of regional talks aimed at de-escalating hostilities over the Strait of Hormuz after a drone attack last week.
WHO: Saudi Arabia
WHAT: Saudi Arabia closed a vital export pipeline and pulled out of regional talks to de-escalate hostilities over the Strait of Hormuz, after a drone attack.
WHEN: Sep 13, 2026 at 8:00 PM ET
WHERE: Saudi Arabia
WHY: Riyadh cited the need to de-escalate hostilities over the Strait of Hormuz following a drone attack last week.
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