Yemen Conflict Drives Oil Prices Above $100 per Barrel
Tensions between Saudi Arabia and Iran-backed Houthi forces in Yemen have escalated on Thursday, threatening global oil supplies. The conflict has raised alarms about oil supply routes, particularly the Red Sea pathway, as the Strait of Hormuz remains partially closed.
The unrest has prompted Yemeni civilians to flee by boat across the Red Sea, further complicating the crisis. Global crude prices have surged above $100 a barrel, impacting energy markets amid the political backdrop of U.S. and Iranian relations.
The conflict will be addressed at the upcoming United Nations General Assembly, underscoring its international significance. President Trump faces decisions with implications for both regional stability and domestic political dynamics.