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strikeJul 23, 2026
How the Bab al-Mandab blockade threat helped push oil back above $100
Summary
A fresh front in the Middle East crisis opened this week, bringing a return of soaring global energy markets and stoking fears that the oil price could surge to $120 a barrel.
Actors involved
USIsraelIranProxyRussiaChina
Sources
- Jillian AmbroseBy Jillian Ambrose
A fresh front in the Middle East crisis opened this week, bringing a return of soaring global energy markets and stoking fears that the oil price could surge to $120 a barrel. In a matter of days the price of Brent crude has jumped by more than 13%, breaching the $100 a barrel ma…
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