Gold Breaks Key Trendline After Vance Comments on Iran War
Gold broke above a key trendline after Vice President Vance's comments on Iran fueled de-escalation bets, opening potential rally to 4,700.
1 h ago9 min read
Saudi east-west pipeline repair may take 3-5 weeks - AP
Attacks damaged the Saudi east-west pipeline, expected to take 3-5 weeks to repair, tightening oil markets and pushing WTI to $104.95.
14/09/2026 13:124 min read
Energy markets are focused this week on how long it will take to restore flows through the Saudi east-west pipeline. The conduit, which began operations when the war started, transports crude across the kingdom to the Red Sea.
Attacks, reportedly originating in Iraq, struck a 100-kilometre stretch of the pipeline in multiple locations early Thursday. There is speculation that eight separate hits occurred.
An Associated Press report indicated that restoring flows will require three to five weeks, while some sources suggest it could exceed six weeks. The pipeline has a capacity of 7 million barrels per day but was operating at around 5 mbpd. Limited oil flow may be possible during repair work.
The pipeline disruption is significant, reversing US gains from Hormuz escort operations and tightening global oil supplies as strategic reserve releases dwindle. West Texas Intermediate crude reached a session high of $104.95, its strongest since mid-May, rising $4.53 on the day.
Consequently, the US 10-year Treasury yield climbed 8 basis points to 4.98%, approaching the critical 5% level.
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