strikeJul 22, 2026

Oil near six-week highs as conflict threatens key routes

Summary

Oil prices rose to near six-week highs today on mounting concerns about disruptions to key Middle Eastern supply routes because of escalating hostilities between the US and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen.

Source: CurrentsAPI — Read the full report

Actors involved

USIranProxyChina

Sources

CurrentsAPI
Oil prices rose to near six-week highs today on mounting concerns about disruptions to key Middle Eastern supply routes because of escalating hostilities between the US and Iran and threats to shipping by the Iran-backed Houthi militia in Yemen. Brent crude futures rose $2.84, or…

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