Houthis Strike Saudi Tankers in Red Sea, and South Korea Beats Growth Forecasts
Headline news for July 23, 2026: Yemen’s Houthis strike two Saudi oil tankers: the Encelia and the Layla in the Red Sea early this morning Singapore time, as both the Strait of Hormuz and the Bab al-Mandeb face simultaneous disruption for the first time. Brent crude rises above US$96 a barrel. South Korea’s economy beats second-quarter growth forecasts on chip exports.
Synopsis: A round up of global headlines to start your day by The Business Times.
Written by: Claressa Monteiro (claremb@sph.com.sg)
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