Archive · 23 Jul 2026
Oil Surges Past $100 Amid Houthi Attacks
Oil prices have gone up to more than $100 per barrel because of attacks by Houthi rebels in the Red Sea.
These attacks are making it hard for ships to move oil, and this is causing problems for the world's oil supply.
The US President, Donald Trump, said he might use military force against the Houthis, and Iran said it would keep attacking the Gulf region as long as the US attacks it.
This is making the situation in the Middle East more tense.
Oil prices surged past $100 a barrel due to Houthi attacks in the Red Sea.
US President Donald Trump threatened major military punishment against the Houthis.
Iran vowed to continue strikes in the Gulf region as long as it faces US attacks.
Houthi attacks are disrupting global oil supplies and shipping routes.
Saudi Arabia's oil exports through the Red Sea are at risk.
- Who
- Houthi rebels, US President Donald Trump, Iran
- What
- Oil prices surged past $100 per barrel due to Houthi attacks in the Red Sea and escalating Middle East tensions
- When
- July 23, 2026
- Where
- Red Sea
- Why
- Houthi attacks on Red Sea shipping and threats from the US and Iran
US and Allies
Houthi Rebels and Iran
Military Response
US and Allies
US President Donald Trump threatened major military punishment against the Houthis.
Houthi Rebels and Iran
Iran vowed to continue strikes in the Gulf region as long as it faces US attacks.
- Oil Price
- Over $100 per barrel
- Date
- July 23, 2026
- Location
- Red Sea
- Key Figures
- Donald Trump, Houthi Rebels, Iran
- Impact
- Disruption of global oil supplies and shipping routes