Houthi Strikes Send Oil Prices Soaring Amid Escalating Middle East Tensions
Ongoing hostilities in the Middle East have sent oil prices soaring to nearly $100 per barrel after Houthi strikes damaged Saudi energy infrastructure. According to the Ministry of Foreign Affairs of the Kingdom of Saudi Arabia, the attacks resulted in 73 civilian injuries.
The Trump administration is closely monitoring the situation, with Secretary of State Marco Rubio stating that 'some of this is clearly the Iranian hand.' The Houthis have been accused of being agents and proxies for Iran, and their military spokesperson Brig. Gen. Yahya Saree warned that further operations in Saudi Arabia are imminent.
Brent crude traded near $100 per barrel following news of the damage to Saudi oil facilities and renewed threats of Houthi attacks in the Red Sea. Meanwhile, the Iranian regime has threatened to extend its grip beyond the Strait of Hormuz, with Supreme National Security Council Director Mohsen Rezaei announcing plans for a restricted exclusion zone.