Oil is rising for the second consecutive day this week as investors weigh supply disruptions in the Middle East, with a major Saudi Arabian pipeline remaining offline following attacks last Thursday.
Brent crude advanced 1.58% in morning trading, reaching $107.37 per barrel. The benchmark hit its highest level since May on Friday, with an intraday peak close to $110. West Texas Intermediate (WTI), the US benchmark, climbed 1.64% to $103.03 per barrel.
Saudi Arabia’s East-West pipeline — the principal alternative route to the Strait of Hormuz — remains suspended. Saudi Aramco has yet to provide a timeline for the resumption of operations, while Saudi authorities have indicated the outage could last several weeks.
“Attacks on oil infrastructure mark a significant escalation [of the war],” Goldman Sachs analysts wrote in a note citing developments in the conflict, including the pipeline strike. The bank added that the volumes affected and the duration of the supply disruptions remain uncertain at this stage.
According to a report published Monday by the Associated Press, citing two regional officials, the pipeline is expected to remain out of service for several weeks. However, US Energy Secretary Chris Wright has expressed confidence that it will be operational again “very soon.”
Prolonged instability, compounded by the repercussions of the war between Russia and Ukraine, has intensified inflationary pressures. The yield on the US ten-year Treasury note has surpassed 5%, its highest level since 2007.
Source: Diário Económico
Original article: https://www.diarioeconomico.co.mz/2026/09/15/mercados/commodities/petroleo-sobe-pelo-segundo-dia-na-semana-goldman-sachs-aponta-para-escalada-da-guerra/
