Global oil prices cross $100 a barrel as Iran war sends fuel prices surging
- Oil prices surged more than 6% on Thursday.
- July 23, 2026, 12:57 PMGlobal oil prices on Thursday crossed $100 a barrel for the first time since May, after Houthi militants in Yemen claimed to have struck two Saudi tankers in the Red Sea.
- The reported attack, which came alongside continued strikes between the United States and Iran, threatened to worsen an oil shock that had already amounted to one of the largest in history.
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- Oil prices surged more than 6% on Thursday.
- July 23, 2026, 12:57 PMGlobal oil prices on Thursday crossed $100 a barrel for the first time since May, after Houthi militants in Yemen claimed to have struck two Saudi tankers in the Red Sea.
- The reported attack, which came alongside continued strikes between the United States and Iran, threatened to worsen an oil shock that had already amounted to one of the largest in history.
Sources: Abcnews