Live Update 
From the Liveblog of
Thursday, July 23, 2026
From the Liveblog of
Thursday, July 23, 2026
Price of benchmark international oil contract reaches $100 a barrel amid Mideast escalation
Add ToI as a Preferred Source on GoogleThe price of the benchmark international oil contract, Brent North Sea, has reached $100 a barrel in trading after Yemen’s Houthi rebels struck oil tankers in the Red Sea.
Brent soared more than six percent to hit the $100 level, as the attacks potentially opened a new front in the Middle East war with US President Donald Trump threatening the rebels with “major military punishment.”
The main US oil contract, West Texas Intermediate, rallied 5.0 percent to $91.19 a barrel.
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