Oil Prices On July 23: Brent Crude Tops $95 After Houthis Attack On Saudi Tankers Escalates Middle East Tensions

IN · 2026-07-23

1. Step 1 · The triggerHouthi attacks on Saudi tankers in Red Sea disrupt crude supply perception.
2. Step 2 · Knock-onBrent crude spikes above $95/barrel as geopolitical risk premium expands.
3. Step 3 · Reaches youIndian crude import costs rise, increasing input costs for fuel-dependent SMEs.

The trigger is reported by the source below. The steps that follow are Branch²’s traced reasoning — how the shock could reach a business like yours, not a prediction.

Source: IN:NDTV Profit

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