Oil prices jump more than 4% after Houthi strikes disrupt Saudi pipeline

  • Houthis struck Saudi infrastructure and ships, disrupting the East-West Pipeline.
  • Brent settled at $105.66 while WTI rose to $101.28 per barrel.
  • Saudi officials said pipeline repairs could take three to five weeks.

Oil prices rose more than 4% after Houthi attacks on Saudi infrastructure and shipping left the East-West Pipeline out of service. Brent crude settled at $105.66 a barrel, while WTI reached $101.28. U.S. gasoline averaged $4.32 per gallon and diesel hit a record $6.23, according to AAA. Saudi officials said repairing the 745-mile pipeline could take three to five weeks, although partial operations may continue. The route carried an average of 2.6 million to 4 million barrels a day each week since late August. Rystad Energy said Brent's increase reflected growing market pricing for a significant supply loss. The source also describes broader Houthi activity in the Red Sea, including the capture of Greater and Lesser Hanish and the port city of Mokha, while reporting that Saudi Arabia urged President Trump to authorize strikes and that the U.S. sent more than 100 advisors. The developments add pressure to oil and fuel markets already affected by disrupted regional transit and drone attacks on Russian refineries.

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Oil prices jump more than 4% after Houthi strikes disrupt Saudi pipeline - CoinPost Terminal