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Global Oil Prices Click Here for 150+ Global Oil Prices 1D 1M 3M 1Y All Charts Headlines 10 mins Chinese Tankers Push
Through Bab el-Mandeb Despite Houthi Blockade Threats 2 hours TotalEnergies Profit Soars 68% as Oil Price Surge Lifts
Earnings 3 hours EU Concedes to Greek LNG Demand in Russian Sanctions Row 4 hours India’s Solar Manufacturing Push
Backfires as Panel Factories Shut Down 5 hours Two Saudi Oil Tankers Targeted as Houthi Blockade Disrupts Red Sea
Shipping 9 hours Brent Breaks $96 as U.S. Strikes Iran for 12th Consecutive Night 13 hours Equinor CEO: Europe May Miss
Winter Gas Storage Goal 18 hours GE Vernova Raises Outlook As AI Power Boom Masks Wind Weakness 21 hours Europe Heads
Into Winter With Its Weakest Gas Cushion In 15 Years 22 hours Iran War Escalation Threatens Global Fuel Supply Recovery
23 hours Pakistan Scrambles for Oil Alternatives as Hormuz, Red Sea Risks Mount 1 day Oil Jumps Nearly 4% as Houthis
Threaten Red Sea Blockade 1 day Japan’s Power Prices Soar to 3.5-Year High 1 day Equinor Profit Soars 93% as Oil and
Gas Price Spike Fuels Windfall 1 day China's Oil Output Hits Record High 1 day Surging Oil Prices Push Japan’s Import
Bill to an Unprecedented High 1 day U.S.-Iran Conflict Threatens Long-Term Energy Shock Across Asia 1 day Oil Prices
Climb as U.S.-Iran Conflict Shows No Signs of Slowing 2 days US Crude Oil Inventories Build As Hormuz Shipping Headache
Drags On 2 days India Pulls Back From Iraqi Oil as Hormuz Turns Too Dangerous 2 days U.S. Says China Has Slashed Iranian
Oil Purchases by 40% 2 days India Became World's Top Long-Term LNG Buyer in 2025, GIIGNL Says 2 days IMF Flags Higher
Oil Price As Key Risk to India’s GDP Growth 2 days Ryanair Profit Falls 36% as Unhedged Jet Fuel Costs Double 2 days
Oil Prices Top $90 as Kuwaiti Tanker Hit in Strait of Hormuz 2 days UK Scraps 5% VAT on Electricity 2 days India Keeps
Buying Russian Oil at Near-Record Pace Despite Expired Waiver 2 days Pakistan Shells Out Record Sums for Spot LNG as
Qatar Supply Falters 2 days ADNOC Approves $6.2 Billion Gas Project in Abu Dhabi 2 days Iran Says U.S. Struck Unfinished
Nuclear Plant, Warns of Safety Risk 2 days Oil Reverses Gains on Renewed Hope of Peace in Iran 2 days Goldman Warns Oil
Could Hit $120 as Middle East War Drags On 3 days New Zealand Oil Explorers Rush to Secure Offshore Permits Before
Election 3 days Houthis Declare Naval Blockade on Saudi Arabia as Red Sea Crisis Deepens 3 days Drone Strike Halts
Exports at Strategic Black Sea Oil Terminal 3 days U.S. Gasoline Prices Climb Back Above $4 Per Gallon 3 days Europe
Faces Diesel Crunch as Inventories Head Toward Multi-Year Lows 3 days India’s Crude Oil Import Bill Soars 60% as Iran
War Drives Prices Higher 3 days China’s LNG Buying Spree Tightens Global Gas Market 3 days Tankers Fear Hormuz Transit
as Iran Stops Vessels Breaking News: Chinese Tankers Push Through Bab el-Mandeb Despite Houthi Blockade Threats Find us
on: Oil Markets Ignore Mounting Risks at Their Own Peril Escalating U.S.-Iran hostilities, attacks on… China’s
AI Offensive Gains Ground in Central Asia Central Asian nations are strengthening… Home Latest Energy News Charles
Kennedy Charles is a writer for Oilprice.com More Info Share Facebook Twitter Linkedin Reddit Set us as your preferred
Google source Related News Equinor CEO: Europe May Miss Winter Gas Storage Goal GE Vernova Raises Outlook As AI Power
Boom Masks Wind Weakness Europe Heads Into Winter With Its Weakest Gas Cushion In 15 Years Iran War Escalation Threatens
Global Fuel Supply Recovery Pakistan Scrambles for Oil Alternatives as Hormuz, Red Sea Risks Mount Oil Jumps Nearly 4%
as Houthis Threaten Red Sea Blockade By Charles Kennedy - Jul 22, 2026, 6:10 AM CDT Oil prices jumped by nearly 4% early
on Wednesday as concerns about crude supply from the Middle East intensify with threats to shipping at both chokepoints
in the region, the Strait of Hormuz and the Bab el-Mandeb Strait.Brent Crude prices jumped by 3.75% to trade at $94.42,
following reports that the Iran-aligned Houthis are ready to attempt the closure of Bab el-Mandeb, which would choke
supply from the Saudi port of Yanbu on the Red Sea.The U.S. benchmark, WTI Crude, was rising by 3.69% to trade at $87.45
per barrel.Saudi Arabia has managed to divert most of its crude oil exports to Yanbu to bypass the Strait of Hormuz. But
with the Bab el-Mandeb Strait now also under threat, the market fears a wider supply disruption.The Joint Maritime
Information Center (UKMTO), a global monitoring body for naval security, late on Tuesday said in an advisory note that
“Sources close to the group stated that the Houthis have completed preparations to attack shipping, including the
deployment of missiles and drones positioned near Bab el-Mandeb.”In recent hours, tankers have either made U-turns
or slowed and stalled in and near the Red Sea, amid growing uncertainties about how safe passage through the Bab
el-Mandeb Strait is now.For example, three Saudi oil tankers U-turned in the Red Sea on Tuesday after the Houthis
declared a blockade on Saudi oil passing through the Bab el-Mandeb.As attacks continue, there is currently little sign
of diplomatic progress, with U.S. President Donald Trump signaling that military operations are likely to intensify and
saying the United States currently has "no interest" in renewed negotiations.Flashpoints outside the Middle East are
also lending support to oil prices.“The disruptions facing the market don’t end in the Middle East. In the
Black Sea, Russia’s CPC terminal has stopped receiving oil from Kazakhstan, with loadings suspended following
ongoing attacks on tankers,” ING’s commodities strategists Warren Patterson and Ewa Manthey wrote in a note
early on Wednesday.By Charles Kennedy for Oilprice.com More Top Reads From Oilprice.comHouthis Force Saudi Oil Tankers
To U-Turn in Red SeaFossil Fuels Still Generate 57% of the World's ElectricityJapan’s Power Prices Soar to
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Alternatives as Hormuz, Red Sea Risks Mount Charles Kennedy Charles is a writer for Oilprice.com More Info Related posts
India’s Solar Manufacturing Push Backfires as Panel Factories Shut Down Two Saudi Oil Tankers Targeted as Houthi
Blockade Disrupts Red Sea Shipping Brent Breaks $96 as U.S. Strikes Iran for 12th Consecutive Night Leave a comment
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