On 23 July 2026, Brent crude rose above $100 amid reports of attacks on tankers and infrastructure in the Red Sea area, as well as strong statements from Donald Trump towards Iran over threats to shipping security through the Strait of Hormuz. The move proved short-lived: on 30 July, Saudi Arabia proposed creating a maritime […]The post Brent Analysis: Oil Retreats from $100 as Saudi Arabia Proposes Maritime Coalition Initiative appeared first on ActionForex.