CommoditiesJuly 23 at 09:02 AM

[MARKET UPDATE] Oil rally continues into into US morning amid Red Sea tensions; Brent (U6) hits USD 100/bbl

StockNow breaking-news AI analysis

Brent crude reached $100/bbl due to Iranian threats in Hormuz, Houthi attacks in the Red Sea, and a new U.S. blockade, causing significant shipping diversions and cost spikes.

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