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Oil hits US$100 a barrel again as Middle East conflict hits Red Sea strait

Global News · Jul 23, 2026, 4:17 PM UTC

As of 11 a.m. eastern on Thursday, Brent crude prices were around US$100.60 per barrel as conflict in the Red Sea drove oil tanker traffic in the crucial Bab el-Mandeb strait down.

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Oil hits US$100 a barrel again as Middle East conflict hits Red Sea strait

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