Trump: Iran to Cover Shipping damages
The article discusses US President Donald Trump's threat to Iran and its Houthi allies after they struck two Saudi oil tankers in the Red Sea. Trump announced that any damages would be paid for with frozen Iranian funds held by the United States. This led to a rise in global oil prices, with Brent crude exceeding $100 per barrel for the first time since May, contributing to increased global inflation and putting pressure on Trump's allies ahead of the Congress elections. Additionally, the United States carried out airstrikes on Iran amid escalating tensions, while the Houthis imposed a naval blockade on Saudi Arabia, which could threaten the closure of the Bab el-Mandeb Strait, one of the most vital sea routes for oil transit.
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