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Brent Crude Approaches $100/Barrel as Houthi Forces Attack Saudi Tankers in Red Sea on July 23

2026-07-23 09:31:21

According to Guru Club, on July 23, Iran-backed Houthi forces claimed to have attacked two Saudi Arabian oil tankers in the Red Sea, escalating Middle East tensions and threatening regional supply disruptions. Brent crude futures approached the $100 per barrel mark amid the incident. The assault opens a new front in the regional conflict, as Saudi exports via the Red Sea have become a critical alternative route since Persian Gulf supply tightened. Oil prices have risen more than 30% this month due to the escalating turmoil.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Brent Crude Nears $92 as Strait of Hormuz Transits Plunge 50% Amid U.S.-Iran Conflict

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