Brent drops more than 7% as US pauses Iran strikes
Why it matters: The pullback eased fears of a wider oil shock, though Brent is still up more than 25% in July.
Series: United States · Iran War Escalation · 12 chapters since Jul 19Subject
#Jizan
Houthi attacks on Saudi oil routes deepen Red Sea war risks
Why it matters: The strikes hit Saudi export routes as Hormuz traffic remains near a halt, tightening pressure on global oil supply.
Earlier: Houthis hit Aramco site in Jizan as Saudi-Yemen fighting widensSeries: Saudi Arabia · Houthi Red Sea Escalation · 8 chapters since Jul 22Houthis hit Saudi tankers, opening new front in Iran war
Why it matters: The attacks added pressure to oil routes through Bab el-Mandeb as Hormuz traffic was already near a halt.