Hupzy (Spot On Chain)|Jul 23, 2026 08:31
๐จ Brent crude has surged above $๐ต๐ด/๐ฏ๐ฎ๐ฟ๐ฟ๐ฒ๐น after Yemen's Houthis struck ๐๐๐ผ ๐ฆ๐ฎ๐๐ฑ๐ถ ๐๐ฟ๐ฎ๐ฏ๐ถ๐ฎ๐ป ๐ผ๐ถ๐น ๐๐ฎ๐ป๐ธ๐ฒ๐ฟ๐, a significant escalation into Saudi energy infrastructure.
This is a new kinetic catalyst โ distinct from the Iran war-driven rally that pushed WTI above $88. The Houthi attack expands the conflict zone and directly threatens Red Sea / Gulf of Aden shipping lanes, a critical chokepoint for global oil supply.
๐๐๐ฝ๐๐ ๐๐ฎ๐ธ๐ฒ: Brent at $98 is approaching the psychological $100 level. Each $5 move higher tightens the inflation screw and raises the odds of a Fed response. The Houthi strike is a separate supply shock vector from Iran โ it threatens shipping routes, not just production, and could persist even if Iran de-escalates. Transmission to crypto is direct: oil spike โ inflation โ rate expectations up โ bearish for risk assets. Watch whether Brent holds above $98 or pushes toward $100, which would likely trigger a broader risk-off move.
source: KobeissiLetter
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