Geostrategic Daily

CSIS (Center for Strategic and International Studies) · 18 September 2026

Amid Iran War Tensions, Energy Market Resilience Wears Thin

During the seventh month of the Iran war, new attacks damaged Saudi Arabia's East-West Pipeline and Houthi forces advanced near the Bab al-Mandab Strait, pushing crude oil to $109 per barrel. Iran attacked 10 tankers, the United States destroyed five Iranian tankers, and Iran targeted U.S. military assets in Jordan and Kuwait. Repairs to damaged pumping stations could take up to six weeks, while Saudi crude production fell to 6.2 million barrels per day and Qatar shipped only 18 LNG cargoes in six months.

Why it matters: This matters for energy market resilience, as the damage to Saudi infrastructure and shipping constraints threaten global crude supply and price stability.

chokepoint maritime · supply chain risk · great power rivalry

Record

Source
CSIS (Center for Strategic and International Studies) (tier 1)
Published
18 September 2026
Link
https://www.csis.org/analysis/amid-iran-war-tensions-energy-market-resilience-wears-thin
Content depth
full
Regions
europe-eurasia-mena
Subregions
gulf, levant
Actors
Iran, Saudi Arabia, Houthi, US, UAE
Edition
2026-09-19

Grounding

Verbatim spans from the source text that support the summary above.

the price of crude oil climbed to $109 per barrel
Repairs to the damaged pumping stations could take up to six weeks
Qatar succeeded in shipping just 18 liquefied natural gas (LNG) cargoes