The Tape
Two straits. Diesel is still a record. Brent held three figures.
Bab al-Mandab halved. Hormuz still thin. The East-West line is shut. Monday is Salalah.
The Rocket News · Economy · New YorkSeptember 12, 2026 · 4 min read
Markets are closed Saturday. The pump is not. AAA still has diesel at a record north of $6. Regular is about $4.30. The Economy desk files two funnels: Hormuz, where crude carriers have been a rumor, and Bab al-Mandab, where Friday’s count fell to 15 from 30 after the Houthis took the island in the channel.
Saudi Arabia shut the East-West pipeline, the land bypass that used to move up to seven million barrels to the Red Sea without touching Hormuz. Brent settled Friday near $104 after a $108 week. Pezeshkian says Hormuz reopens if the U.S. lifts the blockade. Gulf ministers sit with Iran in Salalah on Monday.
These waters aren’t safe.
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A $5,000 dividend does not fill a tank. A great relationship with Mexico does not move a hull. The Economy desk files $6 diesel as the American number on a two-strait weekend.
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Markets
Oil slipped about 1 percent before New York.
By 4:18 a.m. GMT, Brent was down $1 at $114.81 and West Texas Intermediate was down 88 cents at $100.88. This is not a settlement. The photograph is Feb. 9 in Syria, a man walking by the jacks.
Markets
Oil eased from near a six-month high.
Before the New York open, Brent was down $1.49 at $115.23 and West Texas Intermediate was down $1.76 at $101.51. This is not a settlement. The photograph is a September file, not a pumpjack.
Markets
Business cooled, and prices rose.
S&P Global’s flash composite slipped to 57.6 from 58.4 on Friday, Reuters reported. The prices gauge rose to 59.8, the highest since August 2022. The market is closed Sunday. This is not the Dow.