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July 23 2026 Oil tops $100 a barrel Houthi attack in Red Sea marks new escalation

CNN · back to the audit
The US military said it completed a 13th consecutive night of strikes against Iran. The latest onslaught came hours after President Donald Trump signaled he is not yet ready to negotiate a new ceasefire with Tehran. Earlier in the day, Trump told Axios he was considering a massive attack on Iran and that he was close to making a decision. He also said Israel would join in two minutes if I ask them to, but added that we do not need anybody. Oil topped $100 a barrel for the first time since May after Yemens Houthi rebels targeted Saudi ships in the Red Sea. UN Secretary-General Antonio Guterres warned the situation is getting out of control.