Friday, July 24, 2026

Houthi attacks on Saudi oil tankers in Red Sea

Houthi rebels, backed by Iran, attacked at least two Saudi oil tankers in the Red Sea, escalating threats to regional energy supplies. The attacks caused oil prices to surge past $98 a barrel and occurred amid broader U.S.-Iran military tensions. The incidents widened risks to shipping lanes already disrupted by conflict in the Strait of Hormuz.