With two of its key oil export routes - the Hormuz and Bab el- Mandeb straits - disrupted by Iran and Iran-allied Houthi militants, Saudi Arabia has to resort to exporting oil via Egypt's ‌Suez C

Oil Prices Top $100 On Cargo Squeeze From The Middle East

07:05pm, Thursday, 23'rd Jul 2026

Oil prices hit their highest levels since May topping $100 per barrel on Thursday as heightened tensions in the Middle East continue to squeeze exports.

Crude Oil Price Forecast: Volatility Returns as Crude Tests Resistance

04:50pm, Thursday, 23'rd Jul 2026

WTI crude oil tests major resistance after a powerful rebound, with a breakout potentially targeting $100 while support levels define pullback risk.

Thursday's Final Takeaways: ECB Holds Interest Rates & Oil Rises

04:43pm, Thursday, 23'rd Jul 2026

Sam Vadas breaks down the ECB's decision to hold interest rates steady and what it signals for the region's economic outlook. Marley Kayden also covers the latest move in energy markets as oil prices

U.S. Stocks Slide as Oil Hits $100, While Tech Selloff Deepens

04:19pm, Thursday, 23'rd Jul 2026

U.S. stocks fell sharply as global oil prices topped $100 a barrel for the first time in two months and earnings from Alphabet and Tesla rekindled AI spending fears.

Conflict in the Strait of Hormuz has oil producers looking to spend billions to bypass it

03:11pm, Thursday, 23'rd Jul 2026

Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait.As Iran's chokeh

OPEC+ likely to raise oil output targets from September again, sources say

12:42pm, Thursday, 23'rd Jul 2026

OPEC+ oil-producing countries will likely agree a further hike in their output targets ⁠from September when they meet on August 2, three sources said on Wednesday, even though the U.S. w

Short-sighted stock market can no longer brush off war: 'It's too hard to ignore $100 oil'

12:36pm, Thursday, 23'rd Jul 2026

U.S. equities fell on Thursday after Brent Crude prices broke above $100 per barrel once again. The rise in oil prices come after the U.S. conducted strikes against Iran for a 12th consecutive night,

US imports first fuel oil cargoes shipped via Syria as Iraq leverages new export route

11:31am, Thursday, 23'rd Jul 2026

The United States has begun importing fuel oil of Iraqi origin shipped through Syria for the first time, according to shipping data and two sources familiar with the operations, as Iraq expands a Medi

Universal Theme Park Attendance Hit By Weaker Consumer Sentiment, Higher Travel Costs As Oil Touches $100 A Barrel

11:14am, Thursday, 23'rd Jul 2026

Comcast's second quarter numbers showed softening attendance trends in Orlando, a trend co-CEO Mike Cavanagh said has continued third quarter “driven by some weakness in consumer sentiment and highe

Oil Prices Spike After Houthis Target Ships in Red Sea

11:05am, Thursday, 23'rd Jul 2026

Iran-backed Houthis say they have attacked two Saudi Arabian oil tankers in the Red Sea. This has opened up a new front in the US-Iran conflict, is driving up oil prices and raising new fears about oi

$100 Oil Is Back, Raising The Specter Of $5 Gasoline Prices To Come

10:45am, Thursday, 23'rd Jul 2026

Back on March 24, a little over three weeks into an Iran Conflict which President Donald Trump initially estimated would last for “2 to 4 weeks,” I wrote here that drivers should expect gasoline p

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