Brent Crude Surges 3.61% to $97.47 After Houthi Strikes on Saudi Tankers

Houthi forces hit two Saudi oil tankers in the Red Sea on July 22, 2026, citing a blockade violation. Brent crude — the global oil benchmark — rose 3.61% to $97.47 the next day, a two-month high. Saudi Arabia suspended its Red Sea export lane, forcing rerouted shipments and higher freight costs for crude buyers worldwide.