Trump Threatens Iran with 'Major Military Punishment' after Oil Tanker Attacks
US President Donald Trump has threatened Iran and Yemen's Houthi movement with 'major military punishment' after attacks on two Saudi oil tankers widened the Middle East conflict to another major energy-shipping route.
The Houthis reported missile and drone attacks on the Encelia and the Layla in the Red Sea on Thursday, days after announcing what they described as a naval blockade of Saudi Arabia.
Brent crude rose by more than 6% and climbed above US$100 a barrel for the first time since May as traders assessed the risk of further disruption to global oil supplies.