Market AnalysisSeptember 13 at 06:07 PM

[MARKET UPDATE] US index futures decline at the reopen and oil jumps higher by around 2% after postponement of Persian Gulf meeting and with damages to Saudi's East-West Pipeline said to take over a month to repair, threatening up to 4% of global supply

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Saudi pipeline damage risking 4% of world oil supply and unconfirmed Gulf-Iran meetings drove crude over $100, pressuring US equity futures alongside upcoming Federal Reserve rate decisions.

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[MARKET UPDATE] US index futures decline at the reopen and oil jumps higher by around 2% after postponement of Persian Gulf meeting and with damages to Saudi's East-West Pipeline said to take over a month to repair, threatening up to 4% of global supply

What do investors think?

Today's market highlights

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Postponement of meeting between Gulf countries and Iran a joint decision by Tehran and Muscat: Iran's Fars