Investment
Features
FeesSafety
Academy
More
Pluang+

Fuel crisis worsens as Iran-backed Houthis seize Red Sea coast, pushing oil prices above $100/bbl.

Market News
15 Sep 2026
Seeking Alpha
View Source
Bearish
Fuel crisis worsens as Iran-backed Houthis seize Red Sea coast, pushing oil prices above $100/bbl.

Iran-backed Houthis have taken control of the Red Sea coast and strategic islands, threatening the Bab al-Mandab chokepoint critical for global trade. This escalation, combined with drone attacks on Saudi Arabia's East-West Pipeline, has reduced oil supply by 4%, driving Brent crude above $108 and WTI past $103 per barrel. With global fuel stocks depleting and strategic reserves nearly exhausted, energy prices face upward pressure amid geopolitical tensions and economic risks. Investors are concerned as these developments coincide with rising U.S. Treasury yields and potential interest rate hikes, adding volatility to markets.

Energy market dynamics show 21 of 30 priced US stocks on Pluang rising as of Sep 15, 2026 18:15 WIB, providing context for recent geopolitical tensions impacting oil supply. For readers following energy, here is Pluang's market snapshot: Enbridge Inc (ENB) rose 0.60% to USD 48.45, ConocoPhillips (COP) increased 0.58% to USD 137.46, while Uranium Energy Corp (UEC) declined 0.49% to USD 10.21.

More News

Meritz Securities partners with Ripple to explore digital asset custody and tokenization in South Korea.

Meritz Securities partners with Ripple to explore digital asset custody and tokenization in South Korea.

Meritz Securities has signed a partnership agreement with Ripple to explore the use of Ripple Custody and tokenization infrastructure within South Korea's capital markets. This collaboration aims to evaluate potential applications under the country's...

Market News
Bullish
4 hours ago
Ripple partners with Meritz Securities as XRP surpasses Bitcoin in Upbit trading volume

Ripple partners with Meritz Securities as XRP surpasses Bitcoin in Upbit trading volume

Ripple has formed a strategic partnership with South Korea's Meritz Securities to explore digital asset services including custody and tokenization. This deal coincides with XRP overtaking Bitcoin as the most-traded asset on the Korean exchange Upbit...

Market News
Bullish
4 hours ago
Robinhood adds $25M in bitcoin to its balance sheet, signaling strong commitment to crypto.

Robinhood adds $25M in bitcoin to its balance sheet, signaling strong commitment to crypto.

Robinhood has added approximately $25 million worth of bitcoin to its corporate balance sheet, marking a significant step in its growing involvement in cryptocurrency. This move, confirmed by Robinhood's senior VP Johann Kerbrat, reflects the company...

Protocol Fundamentals
Bullish
4 hours ago
Pi Network's token PI trades below $0.09, market cap under $1B ahead of Oct 16 upgrade

Pi Network's token PI trades below $0.09, market cap under $1B ahead of Oct 16 upgrade

Pi Network's native token, Pi (PI), has been trading below $0.09 recently, with its market capitalization staying under $1 billion. As of early October, PI's price has gradually declined from around $0.09 to approximately $0.083, with daily trading v...

Market News
Bearish
4 hours ago
Bitcoin Cash trades near key support at $299.50, facing resistance at $316.80 amid mixed market signals

Bitcoin Cash trades near key support at $299.50, facing resistance at $316.80 amid mixed market signals

Bitcoin Cash (BCH) traded around $307.50 on October 7, showing a decline of about 2.8% over 24 hours and fluctuating between $300.80 and $307.50. The cryptocurrency is near a critical support level at $299.50, with resistance at $316.80. Breaking abo...

Technical Signals
Neutral
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App