23/07/2026 – United States – Iran: Crisis spreads to the Red Sea, Saudi oil tankers hit by Houthis – Read more news
OIL: Crude oil prices rose sharply this morning, already approaching $99/bbl, following the announcement of raids by Yemeni Houthis in the Red Sea. According to Reuters, at least a dozen ships linked to the Saudis have slowed their progress towards the Bab el-Mandeb Strait in the last twenty-four hours. Supplies of about 5 million barrels/day – about 5% of daily global crude demand are at risk.
