Oil prices are rising after the United States conducted an 11th consecutive night of strikes on Iranian military targets and Houthi rebels in Yemen threatened to disrupt a crucial escape hatch for Saudi Arabia’s oil exports.
—
Arpita Dasika,
CNN Money,
22 July 2026
Strait of Hormuz remains key A new pressure point could emerge for world energy markets as Yemen’s Houthi rebels announced on Monday a maritime embargo against Saudi Arabia.
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