On July 23, 2026, Yemeni rebels known as the Houthis claimed responsibility for an attack on two Saudi Arabian oil tankers, Encelia and Layla. The rebels reportedly utilized missiles and drones to target these vessels.
This aggressive action has resulted in a sharp spike in oil prices, with crude now trading at $96 per barrel, reflecting heightened tensions in the region.
Market analysts are closely monitoring the situation, as further escalations could lead to additional volatility in oil prices and impact global markets.