WorldOil price tops $100 a barrel again as Middle East conflict intensifies
Benchmark oil prices have risen above $100 a barrel again for the first time in two months as the Middle East conflict escalates. The sharp increase reflects fears that disruption to global supplies could worsen. Markets are concerned that Yemen’s Houthi militia might choke off Saudi oil exports through the Red Sea. At the same time, tensions between the US and Iran over oil flows through the Strait of Hormuz are intensifying.
TThe Guardian★★★★★2026-07-23 13:37Original
Oil price tops $100 a barrel again as Middle East conflict intensifies
WorldMAJOR