US Edition

Brent crude crossed $100 a barrel on July 23, 2026, after Houthi forces attacked Saudi oil tankers and declared a maritime embargo. Goldman Sachs now projects Brent above $120 in Q4 if Hormuz disruptions persist, while the Federal Reserve's rate-cut path has effectively collapsed, compounding pressure on late-stage startups and AI infrastructure budgets already strained by rising electricity costs.