Crude prices rose as much as 4.5% on Monday after an attack on Saudi Arabia’s East-West pipeline, which is likely to take weeks to repair. Meanwhile, the situation in the Strait of Hormuz remains tense, with reports of strikes against commercial ships and an impasse on reopening the waterway. The West Texas Intermediate (WTI) for deliveries in October gained 4.12% at 8:51 am ET, going for $104.23 per barrel, while Brent for settlements in November surged 4.30% and sold for $108.87 per barrel.