Brent Crude Jumps 3.61% to $97.47 After Houthis Attack Saudi Tankers in Red Sea

Houthi forces struck two Saudi-flagged oil tankers, ENCELIA and LAYLA, in the Red Sea on July 22, 2026, citing a blockade violation. Brent crude rose 3.61% to $97.47 on July 23, extending a two-month-high rally. Saudi Arabia's Red Sea export lane is now suspended, meaning rerouted shipments and higher freight costs for global crude buyers.