Oil jumps nearly $3 as Saudi export halt, Libya outages stoke supply fears — Live Feedhttps://www.live-feeds.com/feed/oil-jumps-nearly-3-as-saudi-export-halt-libya-outages-stoke-supply-fearsContinuously updated, source-cited coverage. Oil prices surge as Saudi pipeline outage and Libya disruptions hit supplyhttps://www.live-feeds.com/feed/oil-jumps-nearly-3-as-saudi-export-halt-libya-outages-stoke-supply-fearshttps://www.live-feeds.com/feed/oil-jumps-nearly-3-as-saudi-export-halt-libya-outages-stoke-supply-fears#u70572Wed, 16 Sep 2026 14:05:45 +0000Brent crude approached $109 on Tuesday following energy infrastructure attacks in Saudi Arabia and oil field outages in Libya. The price jump coincided with the closure of Saudi Arabia's East-West pipeline and Houthi strikes on the kingdom. These supply fears weighed on US markets, contributing to a 1% drop in the Dow and a 0.4% decline in the S&P 500. While the US Energy Chief stated that a pipeline bypassing the Strait of Hormuz will reopen soon, overall market sentiment remains volatile ahead of a Federal Reserve rate decision.Why it mattersThe Strait of Hormuz is a critical chokep