Houthi Strikes On Saudi Tankers Send Oil Prices Past $100.

thenationalpulse.com

Houthi attacks on Saudi vessels in the Red Sea have further restricted the global oil supply, causing prices to surge and prompting President Trump to threaten military action in Yemen.

PULSE POINTS

❓ WHAT HAPPENED: Houthi militants allied with Iran claim to have struck two Saudi Arabian-flagged tankers in the Red Sea, causing oil prices to pass $100 a barrel for the first time since May. The Red Sea had become a significant alternative trade route for global oil, natural gas, and fertilizer supplies after Iran had largely closed down the Strait of Hormuz. President Donald J. Trump has threatened expanded military action against both Iran and the Houthis if further attacks occur. 💬 KEY QUOTE: “A year ago the United States of America attacked, very powerfully, the Houthis, for their interference with commerce and trade, by shooting at ships. Since that time, and during our conflict with Iran, they have acted very responsibly. Unfortunately, now they are starting up again, shooting at two Saudi Arabian ships last night… major military punishment will be inflicted upon Iran and, of course, the Houthis, themselves, who I am very disappointed with in that they have, until now, acted very professionally and smart. ” – President Trump on Truth Social 🎯 IMPACT: The attacks have intensified the oil crisis, affecting global markets and causing U.S. stock markets to open lower on Thursday. The price of gasoline in the U.S. has risen, and the yield on the 10-year treasury bond has increased, indicating broader economic repercussions. 📰 DETAIL: The Houthi strikes form part of a broader conflict involving the U.S. and Iran, with both sides exchanging attacks across the Middle East. The Houthis, who control Yemen’s major population centers, are widely regarded as a proxy for Iran, much like Hezbollah in Lebanon. 👀 FLASHBACK: A ceasefire between the U.S. and Iran in June had temporarily stabilized oil prices, but its collapse following Iranian attacks on ships in the Strait of Hormuz, which prompted heavy, ongoing U.S. retaliatory strikes, has reignited hostilities and economic instability.