Oil rises as Iran halts 2 vessels in Hormuz and 4 tankers turn back
What's new: Brent was up more than 1% and on track for a 23% July gain as traders weighed fresh shipping disruptions.
Subject
#Bab El Mandeb
Iran rejects military option in Saudi-Houthi Bab el-Mandeb clash
Ma'ruf Amin proposed a cease-fire and conflict-free zone to protect energy routes and global trade.
CNN Indonesia, Antara News +1
Red Sea traffic drops to 11 ships after Houthi strike on Saudi oil
Why it matters: Disruption at Bab el-Mandeb and Hormuz has pushed physical crude prices in three regions to two-month highs.
Earlier: Houthi attacks on Saudi oil routes deepen Red Sea war risksSeries: Saudi Arabia · Houthi Red Sea Escalation · 8 chapters since Jul 22Trump weighs wider Iran strikes as Hormuz traffic nears a standstill
Why it matters: Oil topped $100 a barrel, US gasoline rose above $4 a gallon, and the Houthis opened a second shipping threat in the Red Sea.
Bloomberg, The Straits Times
Houthis hit Saudi tankers, opening new front in Iran war
Why it matters: The attacks added pressure to oil routes through Bab el-Mandeb as Hormuz traffic was already near a halt.
Brent tops $100 after Houthi strike hits 2 Saudi oil tankers
Why it matters: Disruption at Hormuz and Bab el-Mandeb now threatens roughly a quarter of global oil supply.
Houthi Red Sea attacks push Yemen toward renewed war
Why it matters: A threat to Bab el-Mandeb, alongside disruption in the Strait of Hormuz, could squeeze oil exports and global trade routes.
Hormuz traffic thins as US-Iran strikes widen shipping threat
What's new: Only three commodity vessels crossed Tuesday, while Brent crude climbed above $100 as Red Sea tanker attacks added pressure.
The Business Times (Singapore), PBS NewsHour
Trump weighs wider Iran strikes as Hormuz traffic nears a halt
Why it matters: Oil climbed above $100 a barrel as attacks spread to Saudi tankers and vessels began avoiding Bab el-Mandeb.
Houthis threaten Saudi sea blockade as Red Sea oil route comes under strain
Why it matters: Bab el-Mandeb carried 7.4 million barrels a day in June, making it a key fallback route after Hormuz disruptions.
Hormuz tanker crossings drop to 1 as oil returns to $100
What's new: No ships entered the strait on July 23, while Saudi Aramco shifted some loadings to Egypt's Sidi Kerir port.
Bloomberg, Tribunnews
Trump threatens Iran, Houthis after Red Sea tanker strikes
Why it matters: The attacks pushed Brent crude above $100 and deepened risks to shipping through the Bab el-Mandeb.
The Straits Times, PBS NewsHour +1
Trump threatens strikes on Iranian power plants over Hormuz attacks
Why it matters: Brent crude climbed above $94 a barrel as tanker reroutings spread from Hormuz to the Red Sea.
PBS NewsHour, The Straits Times +1
Trump warns US could act if Houthis enforce Saudi shipping blockade
Why it matters: Any disruption at Bab el-Mandeb would add to risks for oil and cargo routes already strained by Houthi attacks.
PBS NewsHour, The Hill +1
Oil shock revives inflation fears as US-Iran fighting strains supply
Why it matters: BlackRock sees the conflict adding about 0.8 percentage points to global headline inflation, with Europe and parts of Asia most exposed.
Iran readies Houthi threat to Bab el-Mandeb if US hits power grid
Why it matters: With Hormuz already shut, any Red Sea attacks could disrupt the region’s two main oil export routes at once.
Series: Iran · US Iran Military Escalation · 19 chapters since Jul 13