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Mokha

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Oil pumpjack in scenic agricultural landscape with lush fields and distant trees.
FORECASTSSEP 10, 2026
Oil Surges as Red Sea Port Seizure Raises Middle East Supply Risks
WTI and Brent oil rallied sharply as traders priced in heightened risk around key Middle East shipping routes following the seizure of Mokha on the Red Sea. Natural gas attempted to rebound despite a larger-than-expected weekly storage build in the latest EIA data.