Middle East Tensions Escalate, Driving Oil Prices Up Amid US-Iran Conflict and Houthi Attacks

Global oil prices have surged, with Brent crude surpassing $90 a barrel, following increased military activity between the United States and Iran. This escalation is compounded by Houthi attacks on Saudi oil tankers in the Red Sea, raising significant concerns about maritime security and global energy supplies. The situation intensifies worries over broader economic stability, with President Trump issuing warnings regarding potential strikes on Iranian infrastructure if key shipping lanes are threatened.