Trump Threatens 'Major Military Punishment' Against Iran Over Yemeni Oil Tanker Attacks

The conflict in the Middle East has escalated further after Yemen's Houthi fighters struck two Saudi oil tankers in the Red Sea, prompting a warning from President Donald Trump that he would hold Iran accountable for any future attacks by the group.

Trump vowed to inflict 'major military punishment' on Iran if it continues to support the Houthis, who have been waging a war against the government of Yemen. The conflict has already claimed thousands of lives and disrupted global oil supplies.

The price of Brent crude surged over 6% to break through $100 a barrel for the first time since May, as fears grew that disruption could widen further to block another sea route.