Economy & Finance
Aug 05, 2026
Oil Price Rises to $80.43: Houthi Attack on Saudi Tanker Red Sea
Oil rose after Houthi attack on Saudi tanker off Yanbu. Brent at $80.43 (+1.35%), WTI $76.22 (+0.59%). Iran denied peace talks. US crude stocks rose 2.7M barrels. Strait of Hormuz = 20% of global oil/LNG.