Yemen's Houthi fighters have attacked shipping in the Red Sea, forcing vessels to turn back from the Bab El Mandeb strait and threatening to disrupt the main maritime route from Europe to Asia. The attacks come amid escalating US-Iran strikes and a Saudi-nuclear deal that has raised regional tensions.
23 July 2026 · Joy Online →
Yemen's Iranian-backed Houthis attacked two Saudi oil tankers in the Red Sea, saying they violated a blockade of Saudi ports, while the US carried out its 12th consecutive night of strikes on Iran. Oil prices surged to $100 per barrel following the escalation.
23 July 2026 · Joy Online →
Brent crude oil rose more than 6% to over $100 per barrel on Thursday, its highest level in eight weeks, after Tehran-backed Houthi rebels claimed attacks on two Saudi oil tankers in the Red Sea and announced a naval blockade on the kingdom. The price surge reflects concerns over disruption to global supplies, as millions of barrels per day pass through the Bab el-Mandeb strait to reach global markets.
23 July 2026 · Joy Online →
The Trump administration reached a nuclear agreement with Saudi Arabia for civilian energy programmes without requiring Saudi Arabia to normalise relations with Israel, reversing a long-standing U.S. policy stance that past presidents had tied to nuclear technology transfers.
23 July 2026 · Joy Online →
The Governor of the Bank of Ghana has endorsed COCOBOD's transition from syndicated offshore loans to local market financing, saying the move will reduce liquidity injections into the domestic economy and strengthen monetary policy management.
23 July 2026 · The Chronicle →
Oil prices rose more than 1.5% to their highest in more than six weeks as the United States launched new strikes on Iran and Yemen's Houthis targeted oil tankers in the Red Sea. Brent crude futures rose to $96, while U.S. West Texas Intermediate crude rose to $88.27, driven by escalating tensions over control of key shipping routes including the Strait of Hormuz.
23 July 2026 · Joy Online →