Oil jumps over 2% amid Red Sea vessel attacks, rate cut hopes

After 656 past bullish geopolitics events, BRENT moved a median +1.9% over 5 sessions (63% higher; middle half -2.7% to +6.6%), and +0.7% over 20.

• Jul 23, 2026Oil settles over $100 as Houthi attacks intensify Middle East supply risks | Reuters-9.5%
• Apr 15, 2024Iranian attacks on Israel sees only muted crude oil reaction: Russell | Reuters-4.5%
• Oct 23, 2026Oil prices jump $3 on Houthi attacks, oil spill, highest settlement since April By Reuters-1.7%
• Jul 23, 2026Oil prices surge to $100 per barrel after Red Sea attacks-9.5%
• Mar 18, 2024Oil prices inch higher amid attacks on Russian energy facilities | Reuters-0.3%

After 626 past bullish geopolitics events, WTI moved a median +2.1% over 5 sessions (62% higher; middle half -2.3% to +8.5%), and +1.6% over 20.

• Jul 23, 2026Oil settles over $100 as Houthi attacks intensify Middle East supply risks | Reuters-7.9%
• Apr 15, 2024Iranian attacks on Israel sees only muted crude oil reaction: Russell | Reuters-3.0%
• Oct 23, 2026Oil prices jump $3 on Houthi attacks, oil spill, highest settlement since April By Reuters-1.0%
• Jul 23, 2026Oil prices surge to $100 per barrel after Red Sea attacks-7.9%
• Mar 18, 2024Oil prices inch higher amid attacks on Russian energy facilities | Reuters-0.9%