Oil prices rise on Saudi export hub disruption

Oil prices climbed higher as shipping sources reported suspended crude loadings at Saudi Arabias Yanbu export hub and cancelled European cargo deliveries. The disruptions deepened market concerns over critical oil supply routes amid ongoing regional conflicts.

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Satellite image shows damage to the East-West pipeline facility in the Hejaz Region, Saudi Arabia, on September 11, 2026. 2026 Planet Labs PBC/Handout via REUTERS/File Photo

Brent Crude Oil rose $3.07, or 2.9%, to $108.75 a barrel on Tuesday after oil loadings at Saudi Arabia's Yanbu export hub were suspended.

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