Jul 24, 2026 – 7.29amLondon | Donald Trump is threatening to unleash the biggest US airstrikes of the war on Iran, as oil prices soared after Tehran-backed rebels fired on two tankers in the Red Sea, as the conflict effectively threatened to cripple 25 per cent of the world’s oil supply from the Middle East.The US president said his administration would hold Iran responsible for future attacks by Houthi militants who claimed they used ballistic missiles, cruise missiles and drones to fire on two Saudi tankers in the Red Sea.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles