Brent crude crosses $100 after tankers reportedly struck off Saudi Arabia

Um, so we saw Brent top $100 for the first time since May, now up nearly 40% on the month after the Houthis targeted Saudi Arabian ships in the Red Sea, marking a notable escalation in the war and endangering Saudi Arabia's Hormuz bypass capacity. Aramco's crude exports out of Yanboo have averaged 4 million barrels per day since April. That's up from 760,000 barrels per day in 2025.And if you add in products, that number is even higher. And it's not just Saudi oil that flows south through the Babel Mandab s ...