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Oil Tops $100 a Barrel as US-Iran War and Houthi Attacks Disrupt Global Supply

Oil Tops $100 a Barrel as US-Iran War and Houthi Attacks Disrupt Global Supply

ABC News·23 July 2026

Global oil prices surged past $100 a barrel on July 23, 2026, as Houthi militants struck Saudi tankers in the Red Sea and renewed large-scale fighting between the US and Iran choked off roughly one-fifth of the world's oil supply through the Strait of Hormuz. The economic shockwaves rippling from the ongoing Iran war — collapsing markets, spiking fuel costs, and strangled shipping routes — reflect the kind of global instability Scripture associates with the birth pangs preceding the end times. Jesus warned that wars, rumours of wars, and widespread upheaval would mark the season of His return, and the convergence of Middle East conflict with global economic crisis mirrors the prophetic landscape described in Revelation 6, where warfare brings famine-level economic hardship across the earth.