Oil prices jump as Houthis seize Red Sea coastline, Iran ties cited

financeSep 12, 202662636

Houthi forces seized Yemen’s entire Red Sea coastline this week, taking the port town of Mocha and reaching Perim Island in the Bab al-Mandeb Strait, sources report. The Iran-backed rebels’ control of Bab al-Mandeb matters for oil flows because about 12 percent of global seaborne-traded oil typically passes through the strait. Markets reacted sharply, with Brent near or above $110 a barrel on Friday and U.S. diesel prices hitting record highs above $6 per gallon on average; some California stations showed the $9.999 per gallon pump limit for diesel. Satellite imagery also showed heavy smoke from an attack on Saudi Arabia’s East-West oil pipeline, a route Saudi Arabia uses to move crude when the Strait of Hormuz is disrupted. The U.S. is supplying Saudi Arabia with intelligence and support against the Houthis, while reports say the Trump administration declined a Saudi request for direct U.S. strikes. Aid agencies reported more than a thousand people killed or wounded in two weeks of fighting in southwest Yemen and tens of thousands displaced. Analysts and policymakers warned of broader economic knock-on effects, including tighter oil inventories, higher fuel and shipping costs, and greater inflation risk that could prompt further central bank rate responses in Europe.

Christopher Webb

@cwebbonline.com

THIS COULD SEND OIL PRICES THROUGH THE ROOF Hormuz is already crippled. Saudi Arabia just shut a major pipeline after drone strikes. Now the Houthis are threatening Bab el-Mandeb, the other major oil chokepoint. If that strait gets choked off too, $100 oil is the bottom, not the ceiling.

4934h ago

Mellow Deb13

There will be gas lines by the midterms.

MA Reyes Art9

I will dare to suggest....we will see gas lines at the pumps and there will be a limit as to the gallons you get..... I have a memory of this....and sadly some people can get really ugly waiting in those those lines...

StopFelon477

And MAGA will blame Biden

jlm617.bsky.social7

No roof left to go through. When a house starts shaking, you don't just walk away and hope it fixes itself. You fix the foundation. Congress acts like they've never seen a tool. Clean house. We need new leadership… ☮️

Farrah Lostit5

Maybe solar and wind was the way to go, lol

Gorgonlin4

Correction... THIS WILL SEND OIL PRICES THROUGH THE ROOF. 30 years in resource extraction tells me this is soooo bad. If nothing else, geopolitical instability remains the most reliable oilfield job-security program ever invented...

Quoting this

Cathy12

Wow you’d think all of these wars going on worldwide wouldn’t be happening with Trump in office. He’s so tough and scary. (Sarcasm). Meanwhile we could have had a black woman And nobody in their right mind pisses off a black woman.

Cathy8

I’m sure this is exactly what anyone with the brain would’ve thought. Oh yeah we’re talking about Trump here. He just showed everyone in the world that he does not have power.

Jillian Hurley5

And we have a talk show host leading the military, Vance was the 51st vote, without which Hegseth would be history.

barbie68.bsky.social2

Iran is incharge in their domain. Annihilation is not an option either. Trump needs to be removed. He and his regime have no skills to gain footing or to back out ASAP. This is the forever wars he said he would not take us to. Yet, here we are. The world is in complete chaos because of him.

The USA Singers

@theusasingers.bsky.social

Gas prices are up 27%, airfare is up 23%, heating oil is up 52%, and Donald Trump’s name appears in the Epstein Files over 38,000 times.

656h ago

Tony3

And he and his grifting family are laughing all the way to the bank... At our expense

enrich122

30% of America thinks that's just fine. 😡 #SleepyDon

prepper cat1

2017 cost of living started to skyrocket because of Republicans.

Digital Warrior - Combat Disinfo

@digitalwarrior.bsky.social

8/ Here is how that reaches you. Threatened oil routes push crude prices higher. Tanker and cargo insurance rises. Ships take longer routes. Diesel, shipping and delivery cost more. Businesses pass those costs along through gasoline, groceries, manufactured goods and airfare.

115h ago

Kelly Miller

@sqirlgirly.bsky.social

US reserves will run out by the midterms. They have been using reserves to keep prices from getting too high as Hormuz mess slowed the movement of some oil. Now add the Houthi mess. China was doing the same, but had more reserves, isn't running out. Plus US started an economic war with Canada.

113h ago

𝕋𝕙𝕖 ℍ𝕚𝕤𝕥𝕠𝕣𝕪 𝕠𝕗 ℂ𝕙𝕚𝕟𝕒 ℙ𝕠𝕕𝕔𝕒𝕤𝕥

@thoc.bsky.social

If you're havin' strait problems, I feel bad for you Sauds I got 99 problems And this is definitely gonna spike oil prices further

72h ago

Kane Korso

@godevils2.bsky.social

Sure enough because the back door to get oil to Europe is that pipeline across Saudi Arabia that they're now hitting which means gas prices are going to go out of the fucking world. All this because fat boy decided to take on Iran and lost how many times now.... what...27?

32h ago

🦋🧿Tempestori 🌬🌊

@tempestori.bsky.social

Oil inventories are tightening, diesel supplies remain below normal, and that could mean more pressure on fuel prices and household costs. Join Monday’s free *Building Three Weeks of Preparedness* livestream and learn about the City Prepping Community. #HopeCore

34h ago

nullifie

@nullifie.bsky.social

Saudi Arabia shut down its East-West crude oil pipeline after drone attacks from Iraq caused fires and damage. The pipeline, crucial for shifting exports away from the Persian Gulf, has a capacity of 7 million barrels per day.

36h ago

vesselspotter.eurosky.social

@vesselspotter.eurosky.social

The Buffers are gone; High oil & gas prices are here to stay www.bairdmaritime.com/shipping/tan...

41h ago

cora 𐀔𖠑𖦊𐀔

@corabora5.bsky.social

This week trump said oil prices will plummet after the midterms. Ridiculous on its face. Will trump think he needs to defend Saudi interests? Saudis Shut Down Crucial Pipeline After Drone Attack From Iraq www.nytimes.com/2026/09/11/b...

34h ago

J. Michael Bossert

@jmbossert1.bsky.social

The illegal Iran war caused delays in shipments of oil but prices have risen beyond what was necessary & oil companies are bragging about posting record profits. You are conned.

34h ago

Mike Francis

@elgordopoppy.bsky.social

Now days I don’t think they’re betting on future returns, it seems more like the daily gamble pile shoots up to $107 a barrel and stocks drop. Oil prices go down to $102 and the market jumps a lot even though its oil is still way up.

36h ago

Mike Walker

@newnarrative.bsky.social

As Oil Prices Rise, BRICS Leaders Have What U.S. Doesn’t: Iran at the Table www.nytimes.com/2026/09/12/w...

2h ago

Gorgonlin

@gorgonlin.bsky.social

42h ago

Carlye Hooten

@chooten.bsky.social

According to Meidas, the Houthis and Iran now control as much as 40% of the world's oil. This will mean FAR HIGHER GAS PRICES, FUEL OIL PRICES (with winter coming) AND FOOD PRICES down the line. GET TRUMP OUT NOW @hakeem-jeffries.bsky.social @schumer.senate.gov

22h ago

3 sources

nytimes.comAs Oil Prices Rise, BRICS Leaders Have What U.S. Doesn’t: Iran at the Table ft.comHigh oil prices could force ECB to raise rates further, warns top policymaker truthout.orgOil Prices Soar to New Heights as Houthis Seize Yemen’s Red Sea Coastline

Oil prices jump as Houthis seize Red Sea coastline, Iran ties citedfinance

Oil prices jump as Houthis seize Red Sea coastline, Iran ties cited

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