US-Iran Tensions Intensify with Airstrikes and Red Sea Attacks, Global Oil Prices Rise

The conflict between the United States and Iran has escalated, with the US conducting its thirteenth consecutive night of airstrikes targeting Iranian military assets. Concurrently, Iran-aligned Houthi forces have attacked Saudi oil tankers in the Red Sea, causing global oil prices to surge past $100 a barrel. The ongoing hostilities have also led to a humanitarian crisis, with thousands of seafarers stranded in the Strait of Hormuz, prompting urgent calls for their evacuation.