Saudi pipeline shut, 10-year at 5% — rundown, 16 September 2026
Saudi Arabia's East-West pipeline, a route the IEA sizes at 5 million barrels a day of design capacity, was closed over the weekend after an attack, CNBC reports, and Al Jazeera reports Saudi oil deliveries to Europe were cancelled. The Federal Reserve's two-day September meeting concludes today, with the press conference on 16 September. UK CPI inflation rose to 3.1% in August from 2.9% as motor-fuel prices rose 23.0% year on year; core CPI held at 2.6%. The US 10-year Treasury yield reached 5.00% on 15 September from 4.97% the day before. A Canada-led defence bank is seeking around €100bn, with a possible UK capital contribution of £1bn-£2bn over three years, the Guardian reports.
Sources
An attack on Saudi Arabia's East-West pipeline led to its closure over the weekend
Source: CNBC — Oil falls as U.S. crude inventories reportedly rise, traders weigh Saudi pipeline closure · As of:
Saudi Arabia cancelled oil deliveries to Europe after the East-West pipeline blast
Source: Al Jazeera — Saudi Arabia cancels oil to Europe over East-West pipeline blast · As of:
The East-West pipeline system has a total design capacity of 5 million barrels a day; Aramco reported raising capacity to 7 million barrels a day, though sustained flows at that level had not been tested
Source: International Energy Agency — Strait of Hormuz · As of:
The FOMC's two-day meeting is scheduled for 15-16 September 2026, with the press conference on 16 September
Source: Federal Reserve Board — Calendar: September 2026 · As of:
UK CPI inflation was 3.1% in the 12 months to August 2026, up from 2.9% in July
Source: Office for National Statistics — Consumer price inflation, UK: August 2026 · As of:
UK motor-fuel prices rose 23.0% in the 12 months to August 2026, against 15.5% in July
Source: Office for National Statistics — Consumer price inflation, UK: August 2026 · As of:
UK core CPI, excluding energy, food, alcohol and tobacco, was 2.6% in August 2026, unchanged from July
Source: Office for National Statistics — Consumer price inflation, UK: August 2026 · As of:
The 10-year Treasury nominal yield was 4.97% on 14 September 2026
Source: U.S. Department of the Treasury — Daily Treasury Par Yield Curve Rates · As of:
The 10-year Treasury nominal yield was 5.00% on 15 September 2026
Source: U.S. Department of the Treasury — Daily Treasury Par Yield Curve Rates · As of:
The proposed Defence, Security and Resilience Bank is seeking around €100bn to lend at low cost to governments and contractors
Source: The Guardian — John Healey in talks with Canada about UK joining new global defence bank · As of:
The UK's possible initial capital contribution would be between £1bn and £2bn over three years
Source: The Guardian — John Healey in talks with Canada about UK joining new global defence bank · As of:
The UK has committed an initial £600m to the separate Multilateral Defence Mechanism
Source: The Guardian — John Healey in talks with Canada about UK joining new global defence bank · As of:
The UK is in talks about joining a global defence bank led by Canada
Source: BBC News — UK in talks about joining global defence bank led by Canada · As of:
Brent crude was 107.97, down 0.72% on the day
Source: Yahoo Finance — Brent Crude Oil Last Day Financial Futures (BZ=F) · As of:
Gold futures were 4,370.50, up 0.87% on the day
Source: Yahoo Finance — Gold Dec 26 (GC=F) · As of:
The S&P 500 closed at 7,585.73 on 15 September, down 0.45%
Source: Yahoo Finance — S&P 500 (^GSPC) · As of:
This content was produced with AI assistance.