Yemen’s Houthi rebels have struck two Saudi oil tankers in the Red Sea this week, pushing Brent crude above $100 a barrel for the first time since May. The Houthi Red Sea crisis has entered a new phase, with the group declaring a formal naval blockade on Saudi shipments in direct response to the ongoing US-Israel war with Iran. Background Are the Houthis still attacking ships in the Red Sea? Yes, and the latest escalation marks one of the most serious phases of the conflict since it began. The group…
Read MoreHouthi Red Sea Attacks Escalate as Oil Prices Surge Past $100 a Barrel
