Houthi Red Sea attacks push Brent crude above $100 as shipping route comes under pressure
Oil prices have risen back above $100 a barrel after Houthi rebels said they had struck Saudi oil tankers in the Red Sea and announced a blockade of a key Saudi shipping route. The move has added pressure to maritime traffic through the Red Sea and the Bab al-Mandeb Strait, a chokepoint linking the Arabian Peninsula with the Horn of Africa. The disruption comes as the wider Middle East conflict continues to widen and markets react to the risk of further attacks.The price of Brent crude moved above $100 for the first time in two months, according to the supplied... [Continue Reading]
360LiveNews | 23 Jul 2026 19:03 LONDON
Sponsored
