Oil hits $100 as Houthi attacks escalate Iran war
Oil reached $100 a barrel as Houthi attacks in the Bab al-Mandab strait threatened Saudi Arabia's crude exports, with tankers abandoning the route and Asian refiners facing month-long delays. Fortune reported the Iran war spreading from sea to sea, while the FT noted US stocks and bonds sold off as Trump weighed a 'massive attack'.
Why it matters
A sustained $100 oil price and a widening Middle East conflict threaten global inflation, energy-import costs and risk appetite across equity and bond markets.
Sources
finite. summarises the reporting above and links to each original. We do not reproduce full articles. Read the sources for complete coverage.
Part of the July 24, 2026 brief.