Oil crosses $100: A 'perfect hurricane' can trigger bigger shock soon
- Posted on July 23, 2026
- By Business News Today
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- 1 min read
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Oil crosses $100: A 'perfect hurricane' can trigger bigger shock soon
Brent crude has surged past $100 as escalating Middle East tensions threaten two critical oil chokepoints — the Strait of Hormuz and Bab el-Mandeb — at the same time. While markets were already grappling with disruptions in Hormuz due to the US-Iran conflict, fresh Houthi attacks on Saudi oil tankers in the Red Sea have put alternative export routes at risk.
