Houthis Strike Saudi Oil Tankers, Sending Oil Prices Soaring Above $100

Houthi rebels in Yemen have claimed responsibility for attacking two Saudi oil tankers in the Red Sea, named Encelia and Layla. The incident has sent shockwaves through global markets, with crude oil prices surging above $100 per barrel for the first time since May.

The US has launched strikes on Iran amid escalating tensions over shipping routes, with President Trump warning that if the Houthis attack Saudi ships again, the Iranian regime will face 'heavy strikes.'

The Houthi rebels have been at odds with the Saudi-led coalition in Yemen for years and have previously targeted oil facilities and other infrastructure. The recent attack has raised concerns about supply disruptions and the potential impact on global energy markets.