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Oil price starts week with sharp rise
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Energy
Lisboa

Oil price starts week with sharp rise

dnoticias.pt14 September 2026 at 08:33

Oil prices began the week with a sharp rise, with the barrel standing above 100 dollars. This appreciation occurred in a context marked by the closure of a strategic pipeline in Saudi Arabia and new attacks in the Strait of Hormuz.

Around 11:30 PM GMT on Sunday, after Asian trading resumed, the price of North Sea Brent crude oil for November delivery was up 2.80%, to 107.54 dollars.

The article mentions that on the previous Wednesday, the oil price had exceeded the 100-dollar barrier, establishing a new level of appreciation in the international market.

The Strait of Hormuz is a region of vital strategic importance for worldwide oil transportation, being one of the main passage points for international crude oil trade.

Why this matters

Portuguese consumers and businesses will feel the impact on fuel prices, which tend to follow crude oil variations. The closure of the pipeline in Saudi Arabia and the attacks in the Strait of Hormuz represent threats to global supply stability, which may keep pressure on prices in the coming days.

About this summary

This is our short summary of a report published by dnoticias.pt on 14 September 2026 at 08:33; the full text stays with the publisher. In our feed it sits under Business, and it concerns Lisboa. We currently carry 22331 items in that section.

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