Oil price rises above $100 a barrel after Red Sea attacks

24 July 2026
Brent crude rose to its highest level since May after Yemen-based Houthi rebels attacked two Saudi oil tankers around the Bab el-Mandeb strait in the Red Sea, marking a new escalation in the US-Iran conflict

Become a MEED subscriber for unlimited access to:

Alternatively Login to your account

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Take advantage of our introductory offers below for new subscribers and purchase your access today! If you are an existing client, please reach out to your account manager.