Trump threatens Iran and Houthi rebels with 'major military punishment'

AI Summary

Tensions escalate as the US and Iran threaten intensified attacks following Houthi rebels striking Saudi oil tankers in the Red Sea, causing Brent crude prices to exceed $100 a barrel. This incident raises concerns about a broader regional conflict and its impact on the global economy.

Iran and the United States threatened to intensify attacks on Thursday after Yemen's Houthi rebels struck Saudi oil tankers in the Red Sea, driving Brent crude above $100 a barrel and fuelling fears of a widening regional conflict and renewed pressure on the global economy.