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Global oil prices settle at one-month high despite new Iran ceasefire proposal, as blockade on Saudi Arabia by Yemen’s Houthis keeps market on edge - MarketWatch

Iran’s Houthi allies in Yemen declared a maritime embargo against Saudi Arabia on Monday

I
By Isabel Wang, Myra P. Saefong
Wednesday, July 22, 2026 · 12h ago
Global oil prices settle at one-month high despite new Iran ceasefire proposal, as blockade on Saudi Arabia by Yemen’s Houthis keeps market on edge - MarketWatch

Photo: Isabel Wang, Myra P. Saefong's photo

Futures Movers Irans Houthi allies in Yemen declared a maritime embargo against Saudi Arabia on Monday Updated July 20, 2026, 5:11p.m. ET Oil prices settled at one-month highs in volatile trading …Read more

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