Archive · 23 Jul 2026
Oil Prices Rise After Houthi Attacks on Saudi Tankers
Oil prices went up because some militants called the Houthis attacked two Saudi Arabian oil tankers in the Red Sea.
The Houthis said the tankers were breaking a blockade, but others think the attacks were not right.
The attacks made oil prices go higher, with Brent crude reaching $95 per barrel and West Texas Intermediate near $88 per barrel.
This is the first time oil tankers in the Red Sea have been attacked like this.
Houthi militants attacked two Saudi Arabian oil tankers in the Red Sea.
The attacks involved drones and missiles, causing a fire on one vessel.
Brent crude oil prices rose 1.4% to $95 per barrel, while WTI neared $88 per barrel.
The Houthis claimed the tankers violated a blockade, justifying the attack.
This marks the first strikes on oil tankers in the Red Sea.
- Who
- Houthi militants (Iran-backed) attacked Saudi Arabian oil tankers.
- What
- Oil tankers Encelia and Layla were attacked with drones and missiles.
- When
- The attacks occurred recently, leading to a rise in oil prices.
- Where
- The attacks took place in the Red Sea, southwest of Al Shuqaiq, Saudi Arabia.
- Why
- The Houthis claimed the tankers violated a blockade, while international bodies view the attacks as unjustified.
Houthi Militants
Saudi Arabia and International Community
Justification for Attack
Houthi Militants
The Houthis claim the tankers violated a blockade and were legitimate targets.
Saudi Arabia and International Community
Saudi Arabia and international bodies view the attacks as unjustified and destabilizing.
- Attack Location
- Red Sea, southwest of Al Shuqaiq, Saudi Arabia
- Target Vessels
- Encelia and Layla
- Oil Price Impact
- Brent crude up 1.4% to $95 per barrel, WTI near $88 per barrel
- Attack Method
- Drones and missiles
- Involved Parties
- Houthi militants (Iran-backed) vs. Saudi Arabia