International oil prices surged past $100 a barrel on Thursday, July 23, 2026, as markets reacted to escalating tensions in the Red Sea region. The increase followed a new threat issued by the Houthis in Yemen against ships navigating the strategic waterway.

The Red Sea, a critical route for global oil shipments, has become a focal point amid expanding conflict involving Iran and regional actors. NBC News’ Chief Foreign Correspondent Richard Engel reported on the developments, highlighting the impact on oil markets.

This price surge reflects growing concerns over the security of maritime traffic in the area and the broader geopolitical risks tied to the conflict involving Yemen, Iran, and allied groups.

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