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At close · Thu, Jul 16, 2026
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Home›Commodities›Energy›Global oil prices end Monday at one-month high amid Mi…

Global oil prices end Monday at one-month high amid Middle East jitters

Prices rose on the day despite reports of a potential U.S.-Iran ceasefire, with a Houthi blockade on Saudi Arabia keeping supply-risk concerns elevated.

Reported · Written up by our desk · Energy

Global oil prices settled at their highest level in about a month, MarketWatch reported, as trading stayed volatile amid renewed Middle East tensions.

The market weighed reports of a new U.S.-Iran ceasefire proposal after a fresh barrage of strikes across the region over the weekend.

Separately, the risk lens remained focused on Yemen’s Houthis, whose blockade on Saudi Arabia continued to keep concerns over supply disruptions in play.

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Sources

MarketWatchGlobal oil prices settle at one-month high despite new Iran ceasefire proposal, as blockade on Saudi Arabia by Yemen’s Houthis keeps market on edge
MarketWatchGlobal oil prices settle at one-month high despite new Iran ceasefire proposal, as blockade on Saudi Arabia by Yemen’s Houthis keeps market on edge

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