President Trump vowed major military punishment for Iran and its Houthi allies. Houthi fighters struck two Saudi oil tankers in the Red Sea. Global oil prices surged significantly after the attacks on shipping routes. Iran also reported missile strikes on U.S. military sites in Jordan and Kuwait. These escalating events raise fears of wider economic disruption and conflict.

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

President Trump warned Houthi rebels against a naval blockade of Saudi ports. He stated the United States would respond if the group followed through with threats. Previous US…

Donald Trump threatened strikes on Houthis in the Red Sea.