Oil prices have reached $100 for the first time since May due to the…

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What we can confirm

Major financial and news outlets report that benchmark Brent crude oil rose to around or just above $100 per barrel on Thursday, July 23, 2026, and explicitly describe this move as the **first time since May** that prices have crossed the $100 threshold, with the rise attributed to the **escalating conflict in the Middle East**, including intensifying US–Iran hostilities and attacks on Saudi oil tankers by Yemen’s Houthi forces that threaten key export routes.[1][5][7] Earlier in May, Brent had been above $100 and then fell back below that level, so the late‑July move back to $100 is accurately characterized as the first time since May.[2][3][4][9][11][15]

Sources

Checked July 24, 2026 · we'll re-check as this develops