S5/10Economic

Oil prices jump as Hormuz, Red Sea crises deepen

Renewed strikes on shipping in the Gulf and the Red Sea have dealt a fresh double blow to global oil markets. As prices climb once again, DW examines what else could keep them elevated.

23 Jul 2026, 13:36 UTCSource: DW WorldOriginal source

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⚠️ This is a probabilistic forecast, not a guarantee. Accuracy is measured only on resolved scenarios; monitor confirmation indicators below.

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