Oil prices increased to over $98 per barrel on Thursday after an Iran-aligned militant group in Yemen claimed responsibility for attacking tankers in the Red Sea. U.S. Secretary of State Marco Rubio commented that the group was being influenced by Iran to participate in the ongoing conflict.
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Oil Prices Rise Following Attack on Tankers in the Red Sea
Oil prices rose above $98 per barrel on July 23, 2026, after a militant group in Yemen claimed to have attacked tankers in the Red Sea. U.S. Secretary of State Marco Rubio stated that the group was being influenced by Iran in the conflict.
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At least one Saudi oil tanker is attacked in the Red Sea as war risks widen
Oil Prices Rise Following Attack on Tankers in the Red Sea