27 September, 2026

Brent crude surges 3.2% after Houthi missile strike on Red Sea tanker

Brent crude jumped to $89.42/bbl—the highest since late March—after Houthi forces launched missiles at the MV Chem Pluto, a tanker transiting the Red Sea. The attack follows renewed U.S.-UK naval strikes on Houthi sites and raises concerns over sustained shipping disruptions.

Freight rates for container ships rerouted via the Cape of Good Hope rose 18% week-on-week. Analysts at JBC Energy warn that further escalation could push Brent toward $95 before summer demand peaks.

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