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

Summary by The Waco Editorial Desk · Based on reporting by AP via Scripps News Group, KXXV (ABC 25) News · 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 Waco

For Waco residents, the surge in oil prices to near $100 a barrel has direct implications for their daily commutes and household budgets. As gas prices hit an average of $4 a gallon, locals can expect to pay more at the pump, which may lead to adjustments in their transportation habits and expenses. The potential for inflation to reaccelerate could also impact the cost of living in McLennan County, affecting everything from groceries to housing costs. Furthermore, the increase in mortgage rates could slow down the local real estate market, making it more challenging for buyers to secure affordable loans. As the global oil market continues to be volatile, Waco residents should be prepared for potential price fluctuations and plan accordingly to mitigate the effects on their finances. The city's economy, which is heavily reliant on transportation and small businesses, may also feel the ripple effects of these global events.

About this story

Original reporting by KXXV (ABC 25) News. The Waco 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 KXXV (ABC 25) News. Have a tip or correction? Contact our newsroom.

Category: local · Published: July 23, 2026 · Source: KXXV (ABC 25) News · Reading time: 2 min

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Summary created by	The Waco Editorial Desk — automated, rule-governed
Original reporting	AP via Scripps News Group, KXXV (ABC 25) News
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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