Macro Finance
Latest Oil Market News and Analysis for July 21
Bloomberg Markets·July 20, 2026·1 min read
Oil steadied after a two-day gain as the US and Iran continued hostilities in the Middle East, while Yemen’s Houthi militants threatened to blockade Saudi Arabia’s maritime traffic in the Red Sea. The stabilization followed recent price increases driven by geopolitical tensions in the region affecting global oil supply routes.
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