Oil Surges as Saudi Pipeline Closes After Attacks
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US Oil Surges Toward $105/Barrel, Up 56% in 10 Weeks
Crude oil rallies to its highest level since May 18th, gaining 56% over ten weeks as energy costs accelerate. Rising oil prices feed into PCE inflation expectations, the Fed's preferred gauge now at 3.7% versus the 2% target—a key factor in the Fed's rate-decision calculus. USD typically strengthens on inflation concerns and hawkish rate hold expectations.
https://x.com/KobeissiLetter/status/2099484057214054753Saudi Arabia's East-West Pipeline Closes, Cuts 5% Global Oil
Saudi Arabia's 1,200km East-West pipeline shut temporarily, removing up to 5% of global oil supply. Oil prices likely to spike, supporting commodity-linked currencies (CAD, NOK, RUB) and pressuring energy-importing economies; USD may weaken if oil rally stokes inflation concerns offsetting Fed tightening focus.
https://www.aljazeera.com/news/2026/9/14/why-saudi-arabias-east-west-pipeline-matters-for-global-oil?traffic_source=rssHouthis control Red Sea strait; oil supply risk rises sharply
Houthi forces now control Yemen's entire Red Sea coast and the Bab el-Mandeb Strait, threatening ~9% of global crude oil flows (9M barrels/day). Brent crude rallies toward $110/barrel. Oil-linked currencies—particularly NOK, CAD, RUB—face upward pressure; USD may strengthen on risk-off flows and higher energy inflation expectations.
https://x.com/KobeissiLetter/status/2099532123405226219Saudi Arabia Shuts Major Pipeline After Attack, Oil Rallies
Saudi Arabia closed a key crude pipeline following attacks, disrupting a critical route that bypasses the Strait of Hormuz. Oil prices surged on fresh supply-disruption risk. Traders monitor USD/JPY and commodity-linked pairs (AUD/USD, CAD/USD) as energy volatility typically strengthens safe-haven flows and weakens commodity currencies.
https://www.bloomberg.com/news/videos/2026-09-14/saudi-pipeline-shutdown-brings-fresh-supply-risk-videoNew to MyTradingLand?
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