Japan's Nikkei 225 opened down 410.94 points, or 0.64%, at 63,600.40 on Monday, Sept. 14.

Iranian outlet Fars News, citing sources, reports that Yemen's armed forces attacked Saudi Arabia's King Khalid Air Base, the primary base used for Saudi warplanes launching strikes on Yemen.

Kobeissi report: as of Friday, Saudi Arabia’s east–west oil pipeline has been shut after recent attacks, putting about 4 mln b/d of Saudi exports at risk. The Bab el-Mandeb faces potential closure, threatening as much as 9 mln b/d. Strait of Hormuz transit capacity is currently only about 20% of pre-Iran-war levels, obstructing roughly 15 mln b/d. In aggregate ~30 mln b/d of crude flows are disrupted or at risk; even accounting for overlap this is large versus the ~100 mln b/d global market and ranks among the most severe supply shocks in modern history.