{
  "id": 6595835,
  "title": "Oil prices hit $105 per barrel as Houthis seize key Red Sea port",
  "url": "https://urgent.news/2026/09/10/oil-prices-hit-105-per-barrel-as-houthis-seize-key-red-sea-port",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-10T14:15:34.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/energy/2026/09/10/oil-prices-hit-105-per-barrel-as-houthis-seize-key-red-sea-port/"
  },
  "original_language": "en",
  "account": "Oil prices surged to a record high of $105 per barrel on Thursday after the Houthi rebels seized the key Red Sea port of Mokha, according to wire material. The Houthi group, backed by Iran, gained control of the Bab Al Mandeb strait, a crucial waterway responsible for about 10% of global oil supplies. Brent crude, the benchmark for two-thirds of the world's oil, jumped 4.12% to $105.4 a barrel, while West Texas Intermediate rose 4.29% to $100.20 a barrel. Energy analyst Sasha Foss of CSC Commodities expressed concern over the potential impact on oil flows through the Red Sea, particularly as the Strait of Hormuz is already partially blocked. The Houthi rebels have previously imposed a maritime embargo against Saudi Arabia and have attacked ships in the channel, forcing Saudi Arabia to reroute its oil exports through the Mediterranean. The conflict with Iran has further tightened supply fears in global markets, with the number of vessels passing through the Strait of Hormuz and the Bab Al Mandeb strait declining significantly.",
  "summary": "Oil prices surged on Thursday to cross $105 per barrel as supply concerns grew after the Houthi rebels seized the key Yemeni Red Sea port of Mokha, near the Bab Al Mandeb strait. The development gives the Iran-backed group greater control of the strait, a key waterway through which about 10 per cent of global oil supplies flow. Brent, the benchmark for two thirds of the world's oil, was up 4.12…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Saudi says no danger after Khamis Mushait alert amid clashes with Houthis",
        "url": "https://urgent.news/2026/09/10/saudi-says-no-danger-after-khamis-mushait-alert-amid-clashes-with",
        "published": "2026-09-10T05:50:13.000Z"
      },
      {
        "outlet": "The National Business",
        "title": "Houthis seize Yemen's Mokha port on the Red Sea as attacks on Saudi Arabia escalate",
        "url": "https://urgent.news/2026/09/10/houthis-seize-yemens-mokha-port-on-the-red-sea-as-attacks-on-saudi",
        "published": "2026-09-10T10:18:42.000Z"
      },
      {
        "outlet": "The Economic Times",
        "title": "Oil choke points multiply as Houthis seize Mocha",
        "url": "https://urgent.news/2026/09/10/oil-choke-points-multiply-as-houthis-seize-mocha",
        "published": "2026-09-10T13:38:28.000Z"
      },
      {
        "outlet": "Arabian Business",
        "title": "Houthis seize key Red Sea port as Saudi shipping threatened and oil jumps above $105",
        "url": "https://urgent.news/2026/09/11/houthis-seize-key-red-sea-port-as-saudi-shipping-threatened-and-oil",
        "published": "2026-09-11T00:05:27.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}