•Brent rose $3.62, or 3.46%, to $108.23 a barrel, while WTI gained $3.15, or 3.15%, to $103.20.
•Brent closed at $104.61 on September 11, 2026, within a range of $103.48 to $110.19.
•Saudi Arabia said on September 11, 2026, that the East-West pipeline had been shut as a precaution after attacks on the morning of September 10, 2026.
•The Financial Times reported that DFO is in advanced talks to acquire Baldwin at a potential valuation of about $4.1 billion.
•In the second quarter of 2026, Baldwin’s revenue rose 30% to $492.9 million, while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 37% to $116.7 million.
•As of June 30, 2026, Baldwin had $184.5 million in cash and equivalents and $259.4 million of available borrowing capacity.
•The Houthis captured Mokha on September 10, 2026 and Mayun Island on September 11, 2026, increasing their leverage around Bab el-Mandeb without establishing that the strait was closed.
•Bab el-Mandeb carried 8.1 million barrels a day of oil and petroleum liquids in Q2 2026, including 6.1 million of crude and condensate and 2.0 million of products.
•The IEA forecast global oil supply to decline by 4.3 million barrels a day in 2026 to 102 million barrels a day.
