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Oil surges past $108 as Hormuz attack and Saudi pipeline shutdown rattle markets

Euronews

BusinessEuronews·Sep 14, 2026·1 min read

Oil surges past $108 as Hormuz attack and Saudi pipeline shutdown rattle markets

Brent crude climbed above $108 a barrel on Monday morning after a merchant vessel was struck in the Strait of Hormuz, killing one crew member, and Saudi Arabia shut its main pipeline bypassing the waterway, renewing fears that Middle East…

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