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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.

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Oil prices near $100/barrel spark recession fears; economist warns $120/barrel could break US consumers.

Oil prices near $100/barrel spark recession fears; economist warns $120/barrel could break US consumers.

Gasoline prices jumped significantly, with WTI crude nearing $100 a barrel. Interactive Brokers senior economist Jose Torres suggests that oil prices above $120 a barrel pose a serious risk to consumer spending and could trigger a recession, especial...

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Traders bet $7 billion on TLT, a long-term Treasury bond ETF, anticipating a rare "jackpot mode" despite its recent losses.

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Suku bunga acuan 10 tahun AS mencapai level tertinggi sejak 2007, berpotensi memicu kerentanan di sektor properti dan perusahaan berutang tinggi.

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HIVE Digital Technologies partners with ProCogia to offer AI solutions, expanding Canadian AI infrastructure and global reach.

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Axon Enterprise offers $1 billion in convertible senior notes due 2031 to fund growth and potential acquisitions.

Axon Enterprise offers $1 billion in convertible senior notes due 2031 to fund growth and potential acquisitions.

Axon Enterprise, a public safety technology company, has priced an offering of $1 billion in 0% convertible senior notes due 2031. The company expects to receive approximately $986 million in net proceeds, which will be used to cover the cost of capp...

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