Oil prices climbed to $100 per barrel on July 23, 2026, after Houthi forces attacked Saudi Arabian tankers in the Red Sea, a level not seen since May 2026, according to the Financial Times.
Brent crude rose more than 5% on the day, the BBC reported, amid continued escalation of the war in the Middle East.
The Financial Times said the attack threatens a further tightening of global energy supplies.