Friday, July 24, 2026

Oil prices hit $100 for the first time since May

Oil prices hit $100 a barrel for the first time since May as the escalating conflict in the Middle East reignited fears over global energy supplies.

Brent crude - the global benchmark for oil prices - rose more than 6% on Thursday following several days of increases as the US stepped up military strikes against Iran.

Prices spiked after Houthi militia in Yemen attacked oil tankers in the Red Sea, threatening a key export route that Saudi Arabia has used to bypass the Strait of Hormuz.

2 comments :

xronos said...

Iran launched missiles toward US bases in the Middle East.

xronos said...

Secondo quanto riferito da funzionari iraniani e iracheni al New York Times, l'Iran ha respinto una proposta di cessate il fuoco avanzata dal presidente Trump e recapitata a Teheran dal primo ministro iracheno.

Il fallimento del tentativo di mediazione è avvenuto mentre Trump minacciava di intensificare la guerra e di colpire le infrastrutture critiche dell'Iran.

Featured Post

“The U.S. must stop supporting terrorists who are destroying Syria and her people" : US Congresswoman, Tulsi Gabbard

US Congresswoman, Tulsi Gabbard, recently visited Syria, and even met with President Bashar Al-Assad. She also visited the recently libe...

Blog Widget by LinkWithin