Yemen’s Tehran-backed Houthis launched significant assaults on four cities in Saudi Arabia, a key U.S. ally, injuring over 70 people and igniting oil facilities. This marks a substantial escalation in the six-month-old Middle Eastern conflict.
Simultaneously, U.S. forces targeted Iranian tankers linked to the Islamic Revolutionary Guard Corps after Iranian strikes threatened a U.S. Navy ship. This has led to a resurgence of U.S. military strikes against Iran after a brief cessation.
The conflict threatens to heighten global oil prices,…
