Houthis and Their Role in Iran-US Tensions

Oil prices rose above $100 per barrel for the first time since May, due to the Iran-backed Houthis' attack on Saudi ships in the Red Sea, increasing risks to global oil exports already affected by the closure of the Strait of Hormuz. This escalation threatens the stability of the oil market and heightens its volatility, amid ongoing downward pressure on prices caused by regional tensions in the area.

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