Brent crude briefly crosses $100 after attacks on Saudi oil tankers

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CRUDEOIL 8,837.00

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Brent rose as much as 6.2% to $99.94 before briefly trading above the century mark

By AP- PTI

Updated - July 23, 2026 at 07:22 PM.

| New York

Brent crude oil briefly topped USD 100 per barrel for the first time since May as increased fighting in the Middle East threatens to slow the global flow of crude.

The price for a barrel climbed 6.2 per cent to USD 99.94 and briefly topped the century mark, the first time the most actively traded contract has done so in two months. The latest increase came after attacks on two Saudi oil tankers in the Red Sea.

It was just a few weeks ago that the price for a barrel of Brent had dropped below USD 72, roughly back to where it was before the Iran war.

Published on July 23, 2026

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