Crude Oil Surges as Houthis Attack Saudi Arabia, Fears of 4% Global Supply Drop

CommodityGeopoliticsMacro Impact 4
โดย Business Today·SAUS·Read original
Summary · why it matters

West Texas and Brent crude prices rose after the Iran-backed Houthis attacked Saudi Arabia's East-West Pipeline again and seized territory and islands at the mouth of the Red Sea, raising concerns about global oil supply. West Texas stood at 101.39 dollars per barrel, up 1.34 dollars, and Brent stood at 105.68 dollars per barrel, up 1.07 dollars. The oil price situation analysis unit of Thai Oil Public Company Limited stated that if the attacks continue to disrupt oil transport, global crude supply could fall by about 4%. Meanwhile, President Donald Trump said Ukraine and Russia agreed not to attack further energy infrastructure, and noted that U.S. diesel prices rose more from the war in Ukraine than from the conflict with Iran. Markets are also watching the direction of U.S. central bank monetary policy, with the Fed expected to raise interest rates by 0.25% to a range of 3.75-4.00% at its meeting on September 16, 2026.

Impact on stocks 3

Energy Transition & Power Demand▲ · 1 stocks
Thai Oil Public Company Limited
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± MixedSupplyrelevance

Thai Oil's analysis unit warns attacks could cut global crude supply ~4%, a supply-side risk for the refiner, but no direct company-specific impact is stated.

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