Iran and the United States vowed on Thursday to step up attacks, after Tehran's Houthi allies struck Saudi shipping and sent oil prices soaring. On the sidelines of a Southeast Asian summit in Manila, US Secretary of State Marco Rubio said the Houthis had been "suckered" into attacking Red Sea shipping by Iran.

US completes 10th consecutive night of strikes as tankers are targeted in the Strait of Hormuz and Yemeni rebels threaten broader war.

Houthi threats, Iranian strikes and a Hormuz standstill send oil surging as the US-Iran conflict enters its 10th day.

Houthis claim attacks on oil tankers after US strikes on Iran. WTI reaching $110 in July 2026 at 4.2% YES.