Forbes Breaking News
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Oil Nears $100 As Iran-Backed Houthis Target Red Sea Shipping
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July 23, 2026
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2:26Now PlayingGlobal oil prices soared above $98 per barrel on Thursday as Iran-backed Houthi militants targeted Saudi Arabian tankers in the Red Sea, marking the latest escalation in the U.S.-Iran war as Secretary of State Marco Rubio said Tehran is not ready to make a deal.
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