You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Houthi Strikes Cause Oil To Breach $100 As Trump Warns Of "Massive Attack" Against Iran Houthi Strikes Cause Oil To Breach $100 As Trump Warns Of "Massive Attack" Against Iran by Ship & Bunker News Team Thursday July 23, 2026 Tweet Follow @shipandbunker Croft thinks oil could exceed $146 per barrel if a full-out regional war develops: File Image/Pixabay.   With the U.S./Iran hostilities now firmly expanded to include Yeme n’s Houthi militia attempting to strangle  Saudia Arabia oil exports from the Red Sea , oil prices on Thursday surged more than 6 percent to breach  $100 per barrel for the first time in two months – and fears were kindled that $120 per barrel could soon be reached. The Iran-backed Houthis claimed responsibility for attacks on two Saudi Arabian oil tankers, the ‌Encelia and Layla , using ballistic and cruise missiles as well as drones, which caused one of the vessels to be set ablaze. “ The conflict could disrupt key energy routes [and] keep oil prices elevated Susannah Streeter, chief investment strategist, Wealth Club U.S. president Donald Trump on Thursday promised to to inflict “major military punishment” on Tehran and the Yemen militants if any further attacks were launched in the Red Sea; he also told  media that he was “considering a massive attack” against Iran, “bigger than ever before…I am close to making a decision: we are all set for it.” Susannah Streeter , chief investment strategist at Wealth Club , said, “With both the Strait of Hormuz and the Red Sea now under increasing pressure, markets are bracing for the possibility that the conflict could disrupt key energy routes [and