WEEK OF JUL 19–25, 2026
Cargo ship at sea Full Article
Top Story · World

Inside the Red Sea blockade that pushed oil past $100 a barrel

Yemen's Houthi rebels said this week that they struck two Saudi Arabian oil tankers in the Red Sea, prompting President Trump to warn that the U.S. would hold Iran responsible for any further attacks tied to the group. Brent crude jumped past $100 a barrel for the first time since May as markets weighed the risk of a wider regional conflict.

GENEVA · JUL 23, 2026

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