Shafaqna English- On Thursday(23 Jul 2026), crude prices advanced by over 1.5% during Asian trading hours, reaching their highest level in more than six weeks. This surge was driven by two key geopolitical developments: Yemen’s Houthi militants attacked oil tankers in the Red Sea, while the U.S. carried out a fresh wave of military strikes against Iran.
By 0327 GMT on Thursday, Brent crude futures had advanced by $2.2, or 2.3%, to $96.27, establishing a new peak for the benchmark since June 8. The upward momentum was building on the previous session’s performance, when the contract settled more than $3 higher at $94.07, barely missing the six‑week high mark.
Source: Reuters