WS #12690
Houthi missile strikes on Saudi Arabia and Saudi retaliatory strikes on Yemen escalate the Iran conflict, pushing oil above $100 and threatening Red Sea shipping. Oil prices surged above $100 on Houthi attacks, rekindling inflation fears and pushing US gas prices above $4/gallon, with bond yields rising. Pentagon requests $67.1 billion supplemental for Iran war, which has cost $37.5 billion to date, amid political debate.
Iran Conflict Escalation - Houthi Attacks on Saudi Arabia
Houthi missile strikes on Saudi Arabia and Saudi retaliatory strikes on Yemen escalate the Iran conflict, pushing oil above $100 and threatening Red Sea shipping.
Oil prices surged above $100 on Houthi attacks, rekindling inflation fears and pushing US gas prices above $4/gallon, with bond yields rising.
Pentagon requests $67.1 billion supplemental for Iran war, which has cost $37.5 billion to date, amid political debate.