Oil Nears $100 After Attacks Hit Saudi Energy Facilities | The Pulse 9/8/2026

Brent oil prices surged toward $100 per barrel following attacks on Saudi Arabia energy facilities near the Yemen border, which forced the halt of some operations and highlighted regional supply risks. Simultaneously, Novartis shares experienced their steepest decline since 2020, dropping up to 10%. This plunge occurred after a phase 3 trial for a rare muscle-wasting disease treatment failed its primary endpoint, leading Vontobel to describe the result as a major pipeline setback for the company.