Business

Oil prices rise above $108 following attacks on Saudi infrastructure

The Guardian · September 14, 2026Original source ↗

Oil prices rise above $108 following attacks on Saudi infrastructure

What happened

Oil prices increased to over $108 a barrel after Saudi Arabia closed its east-west crude pipeline due to drone attacks. The price of Brent crude, a global oil benchmark, rose by 3.7% on the day.

Why it matters

Changes in oil prices can affect global economies and consumer energy costs.

How this story affects people

How does this story affect you if you drive a car or use heating oil?

You will likely see an increase in fuel prices as oil prices rise, leading to higher costs at the pump and potentially higher heating bills. This could impact your monthly budget and overall cost of living.

How does this story affect you if you work in industries reliant on oil, like transportation or manufacturing?

Higher oil prices may lead to increased operational costs for your employer, which could result in higher prices for goods and services. This might affect job stability or wages in your sector.

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