Energy & Petrochemicals #brent crude#oil prices
Brent Crude Tops $96 as US-Iran Tensions and Houthi Attacks Escalate
Oil prices surged to six-week highs as the US launched new strikes on Iran and Yemen's Houthis attacked oil tankers in the Red Sea. Brent crude rose $1.93 to $96 per barrel, while WTI gained 1.7% to $88.27. Iran's Revolutionary Guards claimed control of the Strait of Hormuz and declared it closed, while the Houthis announced a naval blockade of Saudi Arabia. US crude stocks rose 2 million barrels last week, countering expectations of a draw.
Jul 23, 2026 1 source