Oil: Brent breaks $90 intraday, settles near $89.22; U.S. gasoline back near $4/gallon

Generaldesk view

Yemen’s Houthis declare maritime embargo on Saudi Arabia, widening Red Sea–Gulf of Aden energy risks (Conflict/Energy)

Per NBC News (Reuters) and CNBC on July 20, Iran-aligned Houthi forces in Yemen announced an immediate “maritime embargo” against Saudi Arabia, saying they woul…

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Generaldesk view

Brent briefly tops $90; U.S. gasoline averages $4 a gallon as Hormuz traffic stays constrained (Economy)

CNBC and The National reported on July 20 that Brent crude briefly broke above $90 a barrel (a roughly five-week high) before settling near $89.22, up about 1.3…

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Financedesk view

Global risk split: Brent briefly tops $90; Kospi enters a technical bear market

Globally, a ninth night of U.S.–Iran hostilities pushed Brent crude above $90/bbl intraday. South Korea’s Kospi fell more than 25% from its June peak into a tec…

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Financedesk view

Oil: Brent breaks $90 intraday, settles near $89.22; U.S. gasoline back near $4/gallon

A ninth consecutive night of U.S. strikes on Iran, Hormuz shipping stress, and a Houthi maritime embargo threat against Saudi ports lifted Brent more than 3% in…

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Supply chaindesk view

Houthis declare a “maritime embargo” on Saudi Arabia, threatening Bab al-Mandab (geopolitical logistics)

BBC and The Globe and Mail reported on July 20 that Yemen’s Houthis announced an immediate “maritime embargo” on Saudi Arabia in response to a Saudi blockade of…

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