The escalation of hostilities in the region bordering Yemen is already deepening worries about additional supply disruptions as energy shipments through the Strait of Hormuz remain restricted. Brent was trading at $97.7 at 8:26 PM on Tuesday. Earlier in the day, it reached $99.46, the highest since July 24.

Yemen's Tehran-backed Houthis attacked energy facilities and cities in US ally Saudi Arabia on Tuesday, wounding more than 70 people and underscoring the risk of the Iran conflict…

Yemen's Houthis attacked Saudi energy facilities and cities, wounding over seventy people. This escalation highlights the risk of the Iran conflict spreading regionally. Iran…