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Brent Crude Breaks $100 Per Barrel for First Time in Two Months on July 23

2026-07-23 13:11:10

According to Jin10, Brent crude oil futures broke $100 per barrel on July 23 for the first time in two months. The surge follows claims by Yemen's Houthi forces that they attacked two Saudi tankers in the Red Sea, escalating regional tensions. The attacks intensify Middle East conflict risks amid already strained conditions in the Strait of Hormuz due to U.S.-Iran tensions, with the Red Sea's Bab al-Mandab strait now critical to oil exports.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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Brent Crude Approaches $100/Barrel as Houthi Forces Attack Saudi Tankers in Red Sea on July 23

In-Depth Analysis

Houthi Red Sea Attack Drives Brent Crude to $95.9 Amid Blockade Threat

Lucas Bennett11h ago

Oil Hits $95 as Houthi Bab el-Mandeb Blockade Threat Drives Six-Week High

Lucas Bennett07-22 13:43

Brent Crude Nears $92 as Strait of Hormuz Transits Plunge 50% Amid U.S.-Iran Conflict

Lucas Bennett07-22 00:33

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