BlockBeats news, September 14th, according to Bitget market data, US and Brent crude oil prices surged in the short term, with WTI crude oil spot price standing above $100 per barrel, up 3.60% intraday; WTI crude oil futures broke through $104 per barrel, up 4.01% intraday. Brent crude oil surged 4.00% intraday, currently reported at $105.81 per barrel.
On the news front, according to two regional officials, a key Saudi oil pipeline that was attacked last week will be largely shut down for several weeks while damaged sections are repaired. This "East-West Pipeline" spanning the entire territory of Saudi Arabia is a key part of Saudi Arabia's oil export strategy, which aims to redirect oil exports to the Red Sea to avoid the Strait of Hormuz in the Persian Gulf—where attacks launched by Iran have severely disrupted shipping.
This 1,200-kilometer-long pipeline has a maximum daily throughput of 7 million barrels. According to informed officials, repairs to the damage may take three to five weeks, including maintenance of the main pumping stations. One of the officials said that the pipeline may still be able to operate partially while repair teams carry out their work.

