Brent tops $100 after Houthi strikes hit 2 Saudi tankers
Why it matters: The attacks widened shipping disruption from the Red Sea to Hormuz, pushing Brent to $100.69 and WTI to $92.19.
CNBC, The Business Times (Singapore) +2
Subject
#Houthi
Brent tops $100 as Iran conflict hits tankers and rattles stocks
Why it matters: Rising oil and Treasury yields pushed the S&P 500 toward its biggest drop in a month as traders priced in stagflation risks.
Houthi fire missiles at 2 Saudi tankers in Red Sea
The attacks raise energy and trade risks as Bab al-Mandab faces tighter pressure after six ships were earlier forced to divert.
Oil slips below $88 as Hormuz attacks keep traders on edge
Why it matters: Near-stalled tanker traffic and Red Sea threats put millions of barrels a day of supply at risk.
Houthis impose Saudi shipping embargo, threaten Bab al-Mandeb
Why it matters: The strait carries about 12% of global trade, and Saudi has been routing more oil exports through the Red Sea.
Earlier: Houthi threaten Saudi oil facilities if Riyadh escalatesSeries: Houthi · Saudi Yemen Escalation · 3 chapters since Jul 14Gold climbs to $4,033 as Middle East war keeps inflation in focus
Why it matters: Traders are weighing higher energy costs against soft US data and the risk of further Federal Reserve tightening.
Iran threatens to close Bab al-Mandab as Hormuz stays shut
Analysts warn two key global energy routes could be disrupted at once, with oil prices potentially surging to US$200 a barrel.
Earlier: Iran readies Houthi threat to Bab el-Mandeb if US hits power gridSeries: Iran · US Iran Military Escalation · 5 chapters since Jul 13Houthi hit Abha Airport after Sanaa airport is bombed
The attack would be the first Houthi strike on Saudi Arabia since an informal truce took effect in March 2022.
The New York Times, BBC News (World) +6
Houthis ban Israeli shipping in Red Sea after missile attack
Why it matters: A renewed threat on the Red Sea route could deepen shipping and energy disruption as the Strait of Hormuz remains shut.
Earlier: Houthi fire at Israel, threaten Israeli ships in Red SeaSeries: Israel · Iran Missile Retaliation · 6 chapters since Jun 8