Oil Markets on Edge as Houthi Rebels Threaten Shipping in the Middle East
NYT > Business·July 20, 2026
Global oil prices surged above $90 amid rising tensions in the Middle East. Houthi rebels' threats to disrupt shipping in the region have put oil markets on edge, sparking concerns about potential supply chain disruptions. Despite the initial price spike, prices pulled back slightly due to signs of hope for a reduction in tensions. The situation remains volatile, with oil prices closely tied to developments in the region.
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