Commodities
Houthis Attack Oil Tanker off Saudi Arabia's Coast, Trump Threatens Retaliation
The Iran-aligned Houthi group in Yemen claimed responsibility for attacking an oil tanker near Saudi Arabia's Red Sea coast, according to reports. The attack occurred on August 23rd and caused a fire onboard the tanker.
US President Donald Trump warned of 'massive military retaliation' against both Iran and the Houthis if they continue to disrupt maritime traffic in the region.
The Houthi group stated that their attack was in response to Saudi Arabia's blockade of the Red Sea, which they claimed targeted two oil tankers.