Business · 23 July 2026

Oil prices near $100 as US strikes Iran, Houthis hit tankers

Brent crude oil futures rose by 3% on Thursday, reaching $97.45 per barrel, the highest since May. The US launched its twelfth consecutive night of strikes against Iran, while Iran-aligned Houthis attacked Saudi oil tankers in the Red Sea. These actions have pushed prices up by about 4% this morning.

By BriefTea Editorial · 23 July 2026 at 10:40

Reported by Guardian · How we write briefs

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