Oil prices reach $100/bbl following Houthi attack on Saudi tankers in Red Sea
Brent crude prices spiked to $100 per barrel after Houthi militants targeted two Saudi Arabian tankers in the Red Sea. The incident marks a significant escalation in maritime security threats, compounding existing supply chain pressures alongside new U.S. tariff measures.
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Russia — 15 developments
US-Iran Conflict Escalates Amid Diplomacy; Ukraine Strikes Russian Logistics
The US-Iran conflict is escalating, with confirmed US military strikes against Iranian maritime capabilities and President Trump's public consideration of large-scale military action, even as he claims ongoing negotiations. Iran has responded with threats to regional energy infrastructure and oil exports. Concurrently, Ukraine continues long-range drone strikes against Russian logistics and defense infrastructure, including a critical ejection seat production facility.