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At close · Wed, Jul 22, 2026
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HomeCommoditiesEnergyGlobal oil prices jump as Red Sea war risks intensify

Global oil prices jump as Red Sea war risks intensify

The New York Times reports that global oil prices rose as concerns about renewed fighting and a potential blockade in the Red Sea increased uncertainty over energy flows from the region.

The outlet said the heightened war threat is adding risk to how oil shipments move through the area, contributing to the market move.

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