Oil prices hover near $100 a barrel after attacks on Saudi oil tankers

Summary by The Nashville Editorial Desk · Based on reporting by AP via Scripps News Group, NewsChannel 5 WTVF (CBS affiliate) · July 23, 2026 · 2 min read

Oil prices are jumping again Thursday as increased fighting in the Middle East threatens to slow the global flow of crude. The price for a barrel of Brent crude oil, the international standard, climbed 6.1% to $99.78. Earlier in the morning, it briefly topped $100 and touched its highest price in...

Why this matters in The Nashville

Nashville residents are likely to feel the effects of rising oil prices at the pump, with gas prices already averaging $4 a gallon. As the global flow of crude is threatened, the city's commuters, who rely heavily on their vehicles to get around, may see their daily expenses increase. This could have a ripple effect on the local economy, impacting businesses that rely on transportation, such as trucking and delivery services. Additionally, the potential for higher interest rates could affect the city's housing market, making it more expensive for people to buy or refinance homes. With Nashville's growing population and thriving economy, the city's residents will be watching closely to see how these global events play out and impact their daily lives. The increased costs could also affect the city's low-income residents, who may struggle to afford the rising costs of transportation and other necessities.

About this story

Original reporting by NewsChannel 5 WTVF (CBS affiliate). The Nashville surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page.

For the complete original report, visit NewsChannel 5 WTVF (CBS affiliate). Have a tip or correction? Contact our newsroom.

Category: local · Published: July 23, 2026 · Source: NewsChannel 5 WTVF (CBS affiliate) · Reading time: 2 min

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Summary created by	The Nashville Editorial Desk — automated, rule-governed
Original reporting	AP via Scripps News Group, NewsChannel 5 WTVF (CBS affiliate)
Original story	Read at the source
Source published	Jul 23, 2026
Indexed here	Jul 23, 2026
AI assistance	Automated summary drawn from the source’s own published text
Prepublication human review	No — editorial rules, flagged-item review, and published samples

Oil prices hover near $100 a barrel after attacks on Saudi oil tankers

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