Oil prices are rising for the second consecutive day, surpassing 108 dollars per barrel.
This rise follows an attack on a pipeline located in Saudi Arabia.
The attacked pipeline had served as an alternative route to the Strait of Hormuz, one of the main crude oil transportation routes worldwide.
Due to the attack, the pipeline will remain closed indefinitely, which has contributed to upward pressure on oil prices.
The increase in oil prices directly affects energy and fuel costs for consumers and businesses in the region, contributing to inflationary pressure. This attack on critical infrastructure in the world's leading oil-producing region fuels uncertainty in energy markets and may have prolonged economic repercussions.
This is our short summary of a report published by Público on 15 September 2026 at 11:57; the full text stays with the publisher. In our feed it sits under Business. We currently carry 23210 items in that section.
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