# Oil prices surge to $100 per barrel after Red Sea attacks

> Brent closed up about 7% at $100.69 after Houthi rebels claimed attacks on two Saudi oil tankers in the Red Sea, the first such attacks beyond the Hormuz area. Hormuz traffic has fallen to single digits.

- Date: 2026-07-23 · published 2026-07-23T12:00:00.000Z
- Category: geopolitics · region Middle East · magnitude high
- Page: https://feedsoft.ai/events/9927-oil-prices-surge-to-100-per-barrel-after-red-sea-attacks
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Attacks on Red Sea routes threaten Bab el-Mandeb transit, raising shipping risk and crude prices that feed into feed costs.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲
- OCEANFRT: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| BRENT | 2026-07-23 | 5 | +29.7% | 3.5 | Houthi attacks on Saudi tankers in the Red Sea extended supply disruption beyond Hormuz, driving a ~7% one-day Brent jump to about $100. |
| BRENT | 2026-07-23 | 1 | +11.9% | 3.1 | Houthi attacks on two Saudi tankers in the Red Sea extended supply disruption beyond Hormuz, which drove Brent up about 7% to roughly $100.7. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2022-02-24 | [European gas prices soar and oil tops $105 after Russia attacks Ukraine](https://feedsoft.ai/events/42882-european-gas-prices-soar-and-oil-tops-105-after-russia-attacks-ukraine.md) | +18.2% | +27.0% |
| BRENT | 2019-09-15 | [Crude Oil Prices Surge Most Ever After Attack Cuts Saudi Supplies - Bloomberg](https://feedsoft.ai/events/6927-crude-oil-prices-surge-most-ever-after-attack-cuts-saudi-supplies-bloomberg.md) | +6.6% | -0.3% |
| BRENT | 2021-03-07 | [Oil price rises above $70 after attacks on Saudi oil facilities](https://feedsoft.ai/events/48297-oil-price-rises-above-70-after-attacks-on-saudi-oil-facilities.md) | -0.9% | -9.6% |
| BRENT | 2019-09-16 | [Oil Prices Log Historic Rally After Saudi Attack - WSJ](https://feedsoft.ai/events/5709-oil-prices-log-historic-rally-after-saudi-attack-wsj.md) | +6.6% | -0.3% |
| BRENT | 2022-02-24 | [Oil tops $105/bbl after Russia attacks Ukraine \| Reuters](https://feedsoft.ai/events/42853-oil-tops-105-bbl-after-russia-attacks-ukraine-reuters.md) | +18.2% | +27.0% |
| WTI | 2019-09-15 | [Crude Oil Prices Surge Most Ever After Attack Cuts Saudi Supplies - Bloomberg](https://feedsoft.ai/events/6927-crude-oil-prices-surge-most-ever-after-attack-cuts-saudi-supplies-bloomberg.md) | +5.8% | -0.1% |
| WTI | 2021-03-07 | [Oil price rises above $70 after attacks on Saudi oil facilities](https://feedsoft.ai/events/48297-oil-price-rises-above-70-after-attacks-on-saudi-oil-facilities.md) | -0.7% | -11.2% |
| WTI | 2019-09-16 | [Oil Prices Log Historic Rally After Saudi Attack - WSJ](https://feedsoft.ai/events/5709-oil-prices-log-historic-rally-after-saudi-attack-wsj.md) | +5.8% | -0.1% |

## Sources

- nbcnews.com: https://www.nbcnews.com/business/markets/oil-prices-rise-red-sea-attacks-houthis-saudi-trump-iran-war-rcna588851

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.