Sep 11, 2026, 7:58 PMOil and Energy Markets
Oil Prices Rise as Houthis Control Bab al-Mandeb, Saudi Pipeline Shuts
Oil prices rise as Houthis gain effective control of Bab al-Mandeb and the Saudi East-West pipeline shuts, deepening the Red Sea crisis on Sept. 11, 2026.
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Summary
MarketWatch reported on September 11, 2026, that oil prices were rising as the Red Sea crisis deepened. The Saudi East-West pipeline was shut down, while the Houthis had gained effective control of the strategic Bab al-Mandeb Strait, opening what the article described as a new front in the Middle East oil war.
Only a short feed summary was available. It provided no oil benchmark, price change, shutdown cause, expected duration, reopening timeline or details about shipping disruptions and affected companies.
Positives
- Oil prices were rising as the Red Sea crisis deepened, according to MarketWatch.
- The Saudi East-West pipeline shutdown was cited as part of the pressure pushing oil prices higher.
- Houthi control of the strategic Bab al-Mandeb Strait was linked to increased pressure on oil prices.
Risks & concerns
- The Red Sea crisis deepened following the Saudi East-West pipeline shutdown.
- The Houthis gained effective control of Bab al-Mandeb, a strategic maritime passage.
- The limited feed summary gave no shutdown duration, reopening timetable or quantified oil-price impact.
Primary sourceMarketWatch.com - Top Storieshttps://www.marketwatch.com/story/the-houthis-have-created-a-new-front-in-the-middle-east-oil-war-thats-pushing-up-prices-816a224a?mod=mw_rss_topstories
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