Oil Prices Near One-Month High as Yemen Announces Red Sea Blockade Amid US-Iran Tensions

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Energy

21 July 2026 at 3:16 pm

Oil Prices Near One-Month High as Yemen Announces Red Sea Blockade Amid US-Iran Tensions

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Summary

Oil prices are near a one-month high after Yemen announced a Red Sea blockade. This development comes as the US conducted its tenth consecutive night of strikes on Iran, despite ongoing attempts to secure a 10-day ceasefire.

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