Brent Crude Spikes in Late Trading After Red Sea Tanker Attack
Bloomberg 2026-07-22 21:48:25
Context: In a late trading session on Wednesday, oil prices surged after Yemen's Iran-backed Houthi rebels claimed to have attacked two Saudi tankers. The incident led to a significant spike in Brent crude oil prices. This event occurred against the backdrop of ongoing tensions in the region.
Key Facts
- Brent crude oil prices rose sharply to nearly $95 a barrel in post-settlement trading on Wednesday following the tanker attack.
- The attack was claimed by Yemen's Iran-backed Houthi rebels, who said they struck two Saudi tankers.
- The incident took place in the Red Sea, a critical waterway for global oil shipments, adding to the upward pressure on oil prices.