Economy / Markets

Weekly Markets: oil above $100 again as Saudi pipeline shuts and Hormuz meeting collapses — the new energy risk premium

Brent crude is back above $100 a barrel and trading near $108 in early Asian hours on 14 September after a weekend that removed two layers of the world's previous workaround for the Iran-controlled Strait of Hormuz: a drone strike from Iraqi territory forced Saudi Arabia to shut its 1,200 km East–West pipeline, and the planned Iran–Gulf meeting in Muscat on a possible shipping corridor was postponed 'in the interests of consensus'. JPMorgan estimates every extra month of disruption could add $7–8 per barrel to Brent. The risk-off tone carried into equities as the KOSPI opened 3.14% lower.

By Aizanoi News Desk · Edited by Aizanoi Editorial Desk · Monday, 14 September 2026

BrentHormuzSaudi ArabiaEast-West pipelineKOSPIFederal ReserveIran