Brent crude crosses $100 after tankers reportedly struck off Saudi Arabia
Brent crude rose 6.1% to $99.78 as attacks on two Saudi tankers renewed fears of supply disruptions and pushed stocks lower.
- On Thursday, Brent crude futures surged above $100 per barrel following attacks on two Saudi oil tankers in the Red Sea, climbing 6.1% to $99.78 and briefly topping $100.
- Houthi rebels in Yemen claimed responsibility for the assaults, which threaten a critical maritime corridor used to ship Middle Eastern crude to customers worldwide.
- Stocks fell as rising fuel costs pressured profits, while the Treasury yield rose to 4.70% on fears inflation might force the Federal Reserve to raise interest rates.
- President Donald Trump threatened "major military punishment" against Iran-backed Houthi rebels if they continue targeting maritime shipping routes.
- Oil prices surged from below $72 a few weeks ago, illustrating how quickly geopolitical conflict has replaced optimism and threatens to reaccelerate inflation.
290 Articles
290 Articles
Crude at $100, Tariffs at Midnight
Is this how a new wave of inflation starts? The international crude oil benchmark leapt to $100 a barrel on Thursday, its highest level since May. The surge came after the Iran-backed Houthi group in Yemen attacked two Saudi oil tankers in the Red Sea. Those strikes pinched one of the remaining fossil-fuel export routes from the Arabian Peninsula, but they also revealed new constraints on President Trump’s Iran strategy. Throughout most of the s…
The energy crisis is now scary, oil is splashing at $100
Asian Stocks Set to Fall as Oil Surges Past $100: Markets Wrap
Stocks in Asia were poised for declines after a sharp Wall Street selloff, while oil surged above $100 a barrel for the first time in two months as an escalating Middle East conflict stoked fears of renewed inflation.
Every Vessel Tracked Crossing Hormuz on the Most Recent Day Used the Shipping Route Iran Established Itself
Commercial shipping traffic through the Strait of Hormuz has collapsed, falling by almost 90% since Washington launched the ongoing nightly barrage of strikes against Iranian military facilities and infrastructure. With maritime data showing a tangible impact of ongoing attacks on oil tankers and new threats against Saudi Arabian exports, Brent crude also briefly surpassed $100 per barrel on Thursday, July 23. F-15I Fighter from Israel. Image Cr…
Coverage Details
Bias Distribution
- 47% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
