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Why Oil Hits $100+ Again By October
🛢️ Inflationary Thursday: Oil, War, and the SPR Crisis
https://www.philstockworld.com/2026/07/23/inflationary-thursday-oil-back-to-100-in-europe-were-next/
The provided report from July 2026 describes a deepening geopolitical and economic crisis driven by an ongoing, unauthorized conflict with Iran.
The text highlights how Houthi rebel attacks on maritime tankers have compromised the Red Sea, causing global oil prices to surge toward $100 per barrel.
Internally, the United States faces a critical depletion of the Strategic Petroleum Reserve, which is projected to hit legal minimums by autumn…
The skinny
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