Former President Donald Trump has threatened significant military action against Iran and the Houthis following attacks on two Saudi oil tankers in the Red Sea. The escalation has sent global oil prices surging past $100 a barrel, heightening concerns over maritime trade security.

U.S. forces have conducted strikes against Iranian military targets following Houthi attacks on Saudi-flagged tankers. The escalation has impacted energy markets, with Brent crude reaching $100 per barrel.

Houthi rebels claimed responsibility for striking two oil tankers in the Red Sea as the U.S. military conducts strikes on Iranian infrastructure.

Houthi rebels have warned global shipping firms that vessels using Saudi ports face the risk of military targeting following a breakdown in regional stability. The escalation impacts the Red Sea, a vital corridor for global trade.

Tehran is reportedly considering tasking Houthi rebels in Yemen with blocking the Bab el-Mandeb waterway, which now serves as a critical global oil route.

Tehran has informed its Houthi allies to be ready to disrupt the Red Sea shipping lane, which currently serves as a critical alternative for regional oil exports.

Following a Yemeni government strike on the Sanaa airport runway, Houthi forces have vowed retaliation, threatening the stability of the 2022 truce.