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Oil prices rise over 1% after Yemen's Houthis hit Saudi tanker, dampening ceasefire hopes.

Market News
05 Aug 2026
CNBC
View Source
Bearish
Oil prices rise over 1% after Yemen's Houthis hit Saudi tanker, dampening ceasefire hopes.

Oil prices rebounded on Wednesday after Yemen's Iran-backed Houthi militants reportedly struck a Saudi Arabian tanker in the Red Sea, pushing Brent crude up more than 1.2% to $80.32 a barrel. The attack near Yanbu, a key Saudi oil export port, raised tensions and hurt hopes for a potential ceasefire in the Middle East, which had improved following optimistic comments from U.S. Treasury Secretary Scott Bessent. Despite earlier signs of easing, including a U.S. statement that the Strait of Hormuz southern route remains open, the strike has unsettled markets and increased uncertainty about regional stability and oil supply routes.

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Trump administration launches new fraud-reporting commission program and reports progress on missing children and crime reduction.

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Solana staking rewards near 5% annually after fees, based on late-October snapshot data.

Solana staking rewards near 5% annually after fees, based on late-October snapshot data.

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Bullish
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Kaspa's block subsidy will drop about 5.6% on Nov 4, 2026, reducing miner rewards per block.

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Solana staking yields about 4.96% annually after validator fees, with 68.7% of SOL staked and rewards paid every 25 hours.

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