Foreign: Oil prices rose more than 6% on Thursday, with both major benchmarks trading above $100 a barrel. The gains came as a series of attacks on tankers (the highest since the Iran-related conflict began) raised concerns among traders about further disruptions to already tight supplies.
According to Reuters on September 11, 2026, Brent crude oil prices closed up $6.42, or 6.34%, at $107.63 a barrel. U.S. oil prices rose above $100 a barrel for the first time since May, while West Texas Intermediate (WTI) crude rose $6.43, or 6.69%, to $102.48.
Iran-aligned Houthi rebels seized Yemen’s Mocha port on Thursday, posing a further threat to maritime travel in the Red Sea. Meanwhile, Gulf shipping through the Strait of Hormuz remains restricted as attacks on oil tankers in the region have increased in recent days.
Simon-Peter Massabni, head of business development at XS.com, said the Yemeni attack on Saudi energy infrastructure had created a new source of risk for the market, broadening concerns beyond those related to Iran and the Strait of Hormuz.
He added that the threat was no longer limited to a single key connection point, but now posed a risk that could cause widespread disruption to regional export routes, oil production areas and other energy infrastructure.
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