strikeJul 23, 2026

Oil prices surge toward triple digits after Red Sea attacks

Summary

Oil prices rose Thursday to their highest level since early June after the latest Iran war escalation threatened severe new disruption to global supplies. Brent crude oil, one of two key global benchmarks, rose more than 5% to nearly $99 per barrel in early Thursday trading.

Source: Steve Kopack — Read the full report

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Steve KopackBy Steve Kopack
Oil prices rose Thursday to their highest level since early June after the latest Iran war escalation threatened severe new disruption to global supplies. Brent crude oil, one of two key global benchmarks, rose more than 5% to nearly $99 per barrel in early Thursday trading. That…

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