On September 15, 2026, global oil prices experienced a notable rise, with Brent crude increasing by $1.07 to $105.68 per barrel, and WTI crude rising by $1.34 to $101.39 per barrel. This surge is largely attributed to renewed fears of supply interruptions due to ongoing conflicts in the Middle East.

Recent attacks on military targets in Saudi Arabia by Houthi forces have heightened concerns about the stability of oil supplies. Additionally, planned meetings between Gulf nations and Iran have been postponed, further escalating fears of a broader conflict that could impact oil production.

The attacks have temporarily halted operations on the East-West pipeline in Saudi Arabia, a crucial route for transporting oil and reducing reliance on the Strait of Hormuz. This disruption threatens approximately 4% of the world's oil supply, causing significant anxiety in the market.

As a result, the Yanbu port on the Red Sea has been forced to rely on its oil reserves, which are now only sufficient for about 5 to 7 days of exports. If tensions persist, the potential for a tighter oil supply looms large.

In Vietnam, domestic gasoline prices are projected to rise sharply this week, in line with the global trend. Estimates suggest an increase of 2,000 to 3,000 VND per liter, with diesel prices expected to rise even more significantly. This forecast does not account for the Fuel Price Stabilization Fund.

As the situation develops, consumers and businesses alike are urged to stay informed about the ongoing fluctuations in oil prices and potential impacts on the economy.