← September 16, 2026 briefing
Saudi pipeline attack cuts oil supply to Europe
Economy

Saudi pipeline attack cuts oil supply to Europe

Saudi Arabia has cancelled oil deliveries to Europe after attacks shut down its East-West export pipeline to the Red Sea, tightening supply to a continent already navigating energy stress. A senior Iraqi source points to a resistance splinter group as responsible, exposing Iraqi Prime Minister Al-Sudani's deepening struggle to rein in armed factions operating within his borders. The disruption compounds pressure on global energy markets already strained by the ongoing Iran war.

MarketWhat will WTI Crude Oil (WTI) hit in September 2026?
Will WTI Crude Oil (WTI) hit (LOW) $95 in September?53% chance
Sources

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