Escalating Houthi warnings to ships carrying Saudi crude through the strait lead to fears of further price surge A fresh front in the Middle East crisis opened this week, bringing a return of soaring global energy markets and stoking fears that the oil price could surge to $120 (£90) a barrel. I...
Source: [Guardian International](https://www.theguardian.com/business/2026/jul/23/bab-al-mandab-blockade-push-oil-100-houthi-ships)