Global oil prices hit $100 a barrel amid attacks in Red Sea
- By Updated on: July 23, 2026 / 4:32 PM EDT / CBS News Add CBS News on Google Global oil prices topped $100 a barrel on Thursday as the conflict in the Middle East escalated, with Iran-backed Houthi rebels in Yemen targeting shipping in the Red Sea.
- Brent crude, the international standard, rose $5.76, or 6.1%, to settle at $100.69 a barrel, according to data from FactSet.
- Gas prices are also climbing higher, with the national average hitting $4.09 a gallon on Thursday, up from $3.94 a week earlier, AAA data shows.
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- By Updated on: July 23, 2026 / 4:32 PM EDT / CBS News Add CBS News on Google Global oil prices topped $100 a barrel on Thursday as the conflict in the Middle East escalated, with Iran-backed Houthi rebels in Yemen targeting shipping in the Red Sea.
- Brent crude, the international standard, rose $5.76, or 6.1%, to settle at $100.69 a barrel, according to data from FactSet.
- Gas prices are also climbing higher, with the national average hitting $4.09 a gallon on Thursday, up from $3.94 a week earlier, AAA data shows.
Sources: CBS News