# Oil price approaches $100 a barrel after attacks on Saudi oil facilities – business live

- URL: https://talkfuse.com/story/oil-price-approaches-100-a-barrel-after-attacks-on-saudi-oil-facilities-business-live/
- Published: 2026-09-08T10:37:06+00:00
- Updated: 2026-09-08T16:49:50+00:00
- Original publisher: The Guardian (publisher lean: Left)
- Original article: https://www.theguardian.com/business/live/2026/sep/08/oil-price-approaches-100-a-barrel-saudi-attacks-bank-of-england-latest-news-updates
- Topics: Americas, Business, Economy, Europe, Middle East, World

## Key points

- Brent crude nears $100 a barrel after Houthi attacks on Saudi facilities.
- Iran threatens Persian Gulf exclusion zone amid tensions with the US.
- Oil-price surge stokes inflation fears for central banks worldwide.

## Summary

Oil prices climbed towards $100 a barrel as Brent crude settled at its highest level since 24 July, after Yemen's Iran-aligned Houthi rebels struck energy facilities in Saudi Arabia, including Saudi Aramco sites in Jizan, home to one of the kingdom's largest refineries. The attacks halted operations at some facilities and wounded more than 70 people, while Iran separately threatened to impose a maritime exclusion zone across the Persian Gulf in response to what it called US "economic warfare". Together, the developments raised fears of a wider disruption to Middle Eastern energy supplies and shipping through the Strait of Hormuz.

Brent crude held above $98 a barrel as the standoff unfolded, with a senior Iranian security official describing Tehran's response to US pressure as "fundamental". Analysts warned that sustained high oil prices risk feeding inflation just as central banks, including the Bank of England, weigh their next moves on interest rates, adding a fresh source of uncertainty to the global economic outlook.

## Coverage

- [The Guardian: Oil price approaches $100 a barrel after attacks on Saudi oil facilities – business live](https://www.theguardian.com/business/live/2026/sep/08/oil-price-approaches-100-a-barrel-saudi-attacks-bank-of-england-latest-news-updates)
- [NPR: Houthi attacks on Saudi Arabia ignite fires at oil facilities and wound 73 people](https://www.npr.org/2026/09/08/g-s1-142296/houthi-attacks-saudi-arabia)

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.