Houthi missile reportedly strikes Saudi oil tanker near Yemen. WTI reaching $120 in July 2026 at 1.7% YES.

Houthi rebels block Saudi shipping in the Red Sea. Targeting shipping by July 31 at 49.5% YES; by August 31 at 62.5% YES.

Houthi attacks are expanding the Middle East conflict into the Red Sea, forcing tankers to reroute and pushing Brent above $91 amid growing fears of prolonged supply disruptions.