{"id":370912,"date":"2026-07-23T21:53:40","date_gmt":"2026-07-23T16:23:40","guid":{"rendered":"https:\/\/ebiztoday.news\/?p=370912"},"modified":"2026-07-23T21:53:40","modified_gmt":"2026-07-23T16:23:40","slug":"oil-hits-us100-a-barrel-again-as-middle-east-conflict-hits-red-sea-strait-national","status":"publish","type":"post","link":"https:\/\/ebiztoday.news\/index.php\/2026\/07\/23\/oil-hits-us100-a-barrel-again-as-middle-east-conflict-hits-red-sea-strait-national\/","title":{"rendered":"Oil hits US$100 a barrel again as Middle East conflict hits Red Sea strait &#8211; National"},"content":{"rendered":"<p><\/p>\n<div data-article-socialshare=\"true\">\n<div id=\"article-fontSizer\" class=\"c-fontSizer\">\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--decrease c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Decrease Font\" data-tooltip-title=\"Decrease text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Descrease article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=03zxzk4qx#font-decrease\"><\/use>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<p>\n\t\t<button class=\"c-fontSizer__button c-fontSizer__button--increase c-button c-button--details c-button--mini\" data-trackable=\"true\" data-trackaction=\"Font Sizer Increase Font\" data-tooltip-title=\"Increase text size\"><br \/>\n\t\t\t<span class=\"sr-only\">Increase article font size<\/span><br \/>\n\t\t\t\t<svg class=\"c-icon  c-fontSizer__icon\" focusable=\"false\">\n\t\t<use xlink:href=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/assets\/dist\/icons\/out\/symbol\/svg\/sprite.symbol.svg?v=03zxzk4qx#font-increase\"><\/use>\n\t<\/svg><br \/>\n\t\t\t<\/button>\n\t<\/p>\n<\/div>\n<\/div>\n<div id=\"\">\n<p>The worth of Brent crude, the worldwide benchmark price for oil, breached US$100 a barrel on Thursday because the U.S. war on Iran dragged on for nearly five months.<\/p>\n<p>As of 11 a.m. eastern on Thursday, Brent crude prices were around US$100.60 per barrel, as conflict within the Red Sea between Saudi Arabia and the Houthi rebels in Yemen drove oil tanker traffic within the crucial Bab el-Mandeb strait down.<\/p>\n<p>This got here because the Strait of Hormuz remained closed to vessels and the U.S. and Iran intensified their strikes.<\/p>\n<p>Gas prices in Canada hit a monthly high on Thursday, with gas costing a mean of $1.77 per litre across the country.<\/p>\n<div class=\"c-inlineSignup\" data-newsletter-inline=\"\">\n<div class=\"c-inlineSignup__image\">\n\t\t\t\t<img decoding=\"async\" width=\"170\" height=\"225\" loading=\"lazy\" src=\"https:\/\/globalnews.ca\/wp-content\/themes\/shaw-globalnews\/images\/skyline\/national.jpg\" alt=\"Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.\">\n\t\t\t<\/div>\n<div class=\"c-inlineSignup__content\">\n<h2 class=\"c-inlineSignup__title\">Get breaking National news<\/h2>\n<p>Get breaking Canada news delivered to your inbox because it happens so you will not miss a trending story.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p>This was up from $1.70 per week ago, $1.60 from the identical time a month ago and $1.33 from the identical time a 12 months ago.<\/p>\n<div class=\"c-ad c-ad--bigbox l-article__ad\">\n<p>Story continues below commercial<\/p>\n<\/p><\/div>\n<div class=\"l-article__part\" data-shortcode=\"tp_video\">\n<div class=\"c-video c-videoPlay \" data-iframe-receiver=\"\" data-autoplay=\"\" data-displayinline-featured=\"false\" data-displayinline-type=\"video\" data-displayinline-player-id=\"miniplayer_11964524_6a623fd2b99b8\" data-displayinline-video-id=\"11964524\" data-displayinline-ratio=\"16:9\" data-displayinline=\"https:\/\/globalnews.ca\/video\/embed\/11964524\/#autoplay&#038;stickyiframe=miniplayer_11964524_6a623fd2b99b8\" data-displayinline-sticky=\"true\" data-permutive-data='{\"content\":{\"name\":\"U.S. and Iran reignite standoff over Strait of Hormuz\",\"type\":\"video\",\"sections\":[\"videos\",\"national\",\"politics\",\"world\"],\"keywords\":[\"donald-trump\",\"hormuz\",\"hormuz-blockades\",\"hormuz-closure\",\"hormuz-standoff\",\"international\",\"iran\",\"iran-attacks\",\"iran-ceasefire\",\"iran-deal\",\"iran-hormuz\",\"iran-war\",\"short-clip\",\"strait-of-hormuz\",\"top-news\",\"trump\",\"trump-ceasefire\",\"trump-hormuz\",\"trump-iran\",\"u-s\",\"u-s-iran\",\"war\",\"global-national\"],\"iab\":{\"categories\":[\"Business and Industrial\",\"Business and Industrial\/Energy and Utilities\",\"News\",\"Business and Industrial\/Energy and Utilities\/Oil and Gas\"],\"tags\":[\"2026 Iran war\",\"Bab-el-Mandeb\",\"Barrel (unit)\",\"Benchmark (crude oil)\",\"Brent Crude\",\"Canada\",\"Ceasefire\",\"Donald Trump\",\"Energy\",\"Gas\",\"Houthis\",\"Iran\",\"Jackson Proskow\",\"Middle East\",\"Oil reserves in Saudi Arabia\",\"Oil tanker\",\"Petroleum\",\"Red Sea\",\"Red Sea crisis\",\"Saudi Arabia\",\"Ship\",\"Strait\",\"Strait of Hormuz\",\"United States\",\"War\",\"Yemen\",\"Yemeni Civil War (2014u2013present)\"]}}}'>\n<div class=\"c-video__inner \">\n\t\t\t\t\t<span class=\"c-video__placeholder\"><br \/>\n\t\t\t\t\t\t<img decoding=\"async\" class=\"c-video__image\" alt=\"Click to play video: 'U.S. and Iran reignite standoff over Strait of Hormuz'\" width=\"640\" height=\"360\" src=\"https:\/\/i1.wp.com\/media.globalnews.ca\/videostatic\/news\/ro66t66ggz-u573jgztec\/260713-JACKSON.jpg?w=1040&#038;quality=70&#038;strip=all\" loading=\"lazy\" srcset=\"\" sizes=\"auto, \" data-sizes=\"(min-width: 1040px) 1040px,(min-width: 720px) 720px,450px\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__overlay\"><\/p>\n<p>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<time class=\"c-video__duration\">2:02<\/time><br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"c-video__title\">U.S. and Iran reignite standoff over Strait of Hormuz<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>\t\t\t\t\t\t<\/span><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"c-tabs\">\n<p>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab c-tabs__tab--active\" type=\"button\">More on Economy<\/button><br \/>\n\t\t\t<button role=\"tab\" class=\"c-tabs__tab\" type=\"button\">More videos<\/button>\n\t\t<\/p>\n<\/p><\/div>\n<p>Yemen\u2019s Iran-backed Houthi rebels said they attacked two Saudi oil tankers within the Red Sea on Thursday.<\/p>\n<p>Iran and the U.S. have meanwhile stepped up their attacks as they vie for control of the strait, through which a fifth of the world\u2019s oil and gas transited in peacetime, setting off a scramble for alternative routes.<\/p>\n<p>Because the U.S. carried out a twelfth night of strikes across Iran, U.S. President Donald Trump threatened \u201cmajor military punishment\u201d against the Houthis if their attacks on ships proceed.<\/p>\n<p><em>\u2013With files from Associated Press<\/em><\/p>\n<\/p><\/div>\n<div>\n<p>\n\t\t&#038;copy 2026 Global News, a division of Corus Entertainment Inc.\t<\/p>\n<\/div>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Descrease article font size Increase article font size The worth of Brent crude, the worldwide benchmark price for oil, breached US$100 a barrel on Thursday because the U.S. war on Iran dragged on for nearly five months. As of 11 a.m. eastern on Thursday, Brent crude prices were around US$100.60 per barrel, as conflict within [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":370913,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20691],"tags":[46676,5117,17667,1613,4595,1903,2667,1955,2965,21282,54171],"class_list":["post-370912","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world","tag-barrel","tag-conflict","tag-east","tag-hits","tag-middle","tag-national","tag-oil","tag-red","tag-sea","tag-strait","tag-us100"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"Descrease article font size Increase article font size The worth of Brent crude, the worldwide benchmark price for oil, breached US$100 a barrel on Thursday because the U.S. war on Iran dragged on for nearly five months. 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