Brent was US$109.51 a barrel on 9 September. In early July it was US$68.68
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The story behind it
Saudi Arabia shut the pipeline that was keeping its oil away from the Strait of Hormuz Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →
The story behind it
Saudi Arabia shut the pipeline that was keeping its oil away from the Strait of Hormuz Read the edition →On the calendar
The US releases that move markets, in New Zealand and Australian time. Economic calendar →What the chart shows
Drones launched from southern Iraq hit Saudi Arabia's East-West pipeline on Friday, and on Monday Brent crude rose more than 3% to about US$108 a barrel. The line carries crude from the Abqaiq fields to Yanbu on the Red Sea, and since March it has been the main way Saudi oil gets to sea without passing through the Strait of Hormuz.
The chart tracks Brent's weekly close from late March, when the strait's disruption began, through the slide to US$68.68 in early July and the climb since. A navigation deal for the strait was due to be signed in Muscat on Sunday. That meeting was postponed hours after an attack on an Iranian vessel.
The repair timetable is the thing to watch. Aramco fixed earlier damage to the same line in three days, and it has not yet said what this one looks like.
The numbers
Brent crude in US dollars a barrel: the last close of each week since late March, and the latest FRED reading on 9 September. Monday's rise after the pipeline strike is in the story.
| Brent crude, US$ a barrel, last close of each week | |
|---|---|
| 27 Mar 2026 | US$121.47 |
| 2 Apr 2026 | US$127.61 |
| 10 Apr 2026 | US$119.07 |
| 17 Apr 2026 | US$98.63 |
| 24 Apr 2026 | US$111.86 |
| 1 May 2026 | US$118.26 |
| 8 May 2026 | US$103.48 |
| 15 May 2026 | US$113.96 |
| 22 May 2026 | US$106.90 |
| 29 May 2026 | US$92.88 |
| 5 Jun 2026 | US$97.29 |
| 12 Jun 2026 | US$88.64 |
| 19 Jun 2026 | US$80.46 |
| 26 Jun 2026 | US$70.16 |
| 3 Jul 2026 | US$68.68 |
| 10 Jul 2026 | US$74.34 |
| 17 Jul 2026 | US$85.01 |
| 24 Jul 2026 | US$100.31 |
| 31 Jul 2026 | US$96.95 |
| 7 Aug 2026 | US$87.62 |
| 14 Aug 2026 | US$92.02 |
| 21 Aug 2026 | US$96.92 |
| 28 Aug 2026 | US$89.75 |
| 4 Sep 2026 | US$102.24 |
| 9 Sep 2026 | US$109.51 |
25 rows: scroll the table for the rest.
How we make these charts: one chart a day from a story in the edition, drawn from the figures the story names and checked against the sources named on the chart before it is published. General information only, not financial advice.
