Oil prices jump as Hormuz, Red Sea crises deepen

Global World Thu, 23 Jul 2026 20:32:19 GMT High confidence — 76/100

Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets.
As prices climb once again, DW examines what else could keep them elevated.

Unverified

Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets.
As prices climb once again, DW examines what else could keep them elevated.

Sources: DW