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Global oil tops $100, settles at 2-month high after Houthis strike Saudi tankers and Trump threatens ‘military punishment’ on Iran

Economy MarketWatch By Myra P. Saefong 23 Jul 2026 19:18 1 min read
Global oil tops $100, settles at 2-month high after Houthis strike Saudi tankers and Trump threatens ‘military punishment’ on Iran

Oil futures climbed sharply Thursday, with global benchmark Brent crude topping $100 a barrel for the first time since May, after Yemen’s Houthi militants claimed attacks on two Saudi Arabian tankers in the Red Sea.

Oil futures climbed sharply Thursday, with global benchmark Brent crude topping $100 a barrel for the first time since May, after Yemen’s Houthi militants claimed attacks on two Saudi Arabian tankers in the Red Sea.

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