You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Oil Resumes Climb As Houthis Counterstrike Saudis Oil Resumes Climb As Houthis Counterstrike Saudis by Ship & Bunker News Team Monday September 14, 2026 Tweet Follow @shipandbunker Meanwhile, China emerges as backer of Iran, Russia hostilities: File Image/Pixabay Despite incurring losses in the previous session, oil remained firmly above the $100 threshold on Monday thanks to a 1 percent rise  spurred by further Iran -backed Houthi strikes on Saudi Arabia ’s infrastructure. Brent settled up $1.07 , or 1 percent, at $105.68 per barrel, while West Texas Intermediate settled up $1.34 , or 1.3 percent , at $101.39 . The Houthis advanced their prominence in Yemen after seizing control on Friday of  Perim Island at the mouth of the Red Sea and knocking out the 750-mile Saudi east-west pipeline, which allowed for crude to bypass the Strait of Hormuz. “ Is this something that escalates further, or is this a cycle to bring it back to the negotiating table? Ana Subasic, trade risk analyst, Kpler The pipeline transported 7 million barrels per day of crude to the Red Sea port of Yanbu , and while damage to the infrastructure was unclear, officials closed the system as a precautionary measure – which, according  to traders, could cut off up to 4 percent of global oil supply if it stays down. The Houthis claimed to have fired dozens of missiles and drones at a military airbase in Khamis Mushait in southern Saudi Arabia, targeting aircraft hangars, radar systems, runways and ammunition depots; this was in retaliation for Saudi airstrikes in Yemen. Meanwhile, traffic through the Hormuz continued to ebb and flow: Kpler reported t