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Oil Prices Surpass $100 After Red Sea Attacks Disrupt Supply Routes

Brent crude rises 6% as tensions involving Yemen’s Houthis and Saudi Arabia shake global energy markets

Published on July 23, 2026


Oil Prices Surpass $100 After Red Sea Attacks Disrupt Supply Routes

Oil prices surged again after attacks by Yemen’s Houthis against Saudi Arabian vessels in the Red Sea, with Brent crude rising 6% and reaching $101 per barrel early Thursday afternoon (23).

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