Conflict Timeline

Brent crude oil prices rose to $100.74 per barrel on July 23, 2026, the first time exceeding that level since May, with West Texas Intermediate crude reaching $91.40. The increase followed reports of an attack on a tanker roughly 70 nautical miles off Saudi Arabia, which caused a fire with no reported casualties, and occurred amid separate concerns over maritime routes including the Strait of Hormuz.

UK Maritime Trade Operations stated the incident on social media, while attributing factors such as Houthi involvement or effects on the Bab el-Mandeb Strait remained unconfirmed in available accounts.