Brent Crude Jumps More Than 3 Percent to $108.23 a Barrel

According to Reuters, as carried by IRNA and reflected by EcoIran on Monday, September 14, 2026 (23 Shahrivar 1405), oil prices rose more than $3 at the start of Monday's trading following fresh attacks on Saudi Arabia and on ships in the Persian Gulf region on Sunday. Brent crude futures rose $3.62, or 3.46 percent, to $108.23 a barrel by 2214 GMT Sunday, while US West Texas Intermediate futures gained $3.15, or 3.15 percent, to $103.20 a barrel. Sahmino's own live price data showed Brent trading near $107.5 a barrel Monday morning Tehran time, up about 2.8 percent from the previous day.

Reuters said reduced Middle East supply, attacks on oil infrastructure and disruption to shipping routes have raised the risk that high prices persist. The rise extends a rally that began with the shutdown of Saudi Arabia's East to West pipeline, which can carry about 7 million barrels a day from inside Saudi Arabia to Red Sea ports without passing through the Strait of Hormuz; Riyadh halted the pipeline as a precaution after a drone attack on Thursday, September 10 (19 Shahrivar), and has not announced when it will resume.

For Iran's market, the jump in global oil prices could benefit Tehran listed petrochemical and refining exporters; Sahmino's own desk data already showed buying pressure building in those sectors ahead of today's Tehran Stock Exchange session.