Supporters of the Houthis wave flags during a demonstration against the Saudi intervention in Yemen in Sanaa on Sept. 18, 2026. (Credit: Zayed Al-Waqidi/AFP)
Since the war between the United States and Iran broke out in late February, oil prices surged, fell back, and then rebounded, driven by Iranian strikes on Gulf infrastructure and disruptions to shipping traffic in the Strait of Hormuz.The crisis is now spreading to the other end of the Arabian Peninsula. In Yemen, the Houthis made advances along the Red Sea coast in September, seizing strategic positions overlooking the Bab al-Mandeb Strait and giving Tehran the ability to impose what could amount to a double blockade with potentially devastating effects. At the same time, they have stepped up missile and drone attacks on Saudi Arabia and its energy infrastructure, while threatening to block vessels linked to the kingdom.Against this backdrop, diesel prices have reached record levels in the United States, while in Europe, governments...
Since the war between the United States and Iran broke out in late February, oil prices surged, fell back, and then rebounded, driven by Iranian strikes on Gulf infrastructure and disruptions to shipping traffic in the Strait of Hormuz.The crisis is now spreading to the other end of the Arabian Peninsula. In Yemen, the Houthis made advances along the Red Sea coast in September, seizing strategic positions overlooking the Bab al-Mandeb Strait and giving Tehran the ability to impose what could amount to a double blockade with potentially devastating effects. At the same time, they have stepped up missile and drone attacks on Saudi Arabia and its energy infrastructure, while threatening to block vessels linked to the kingdom.Against this backdrop, diesel prices have reached record levels in the United States, while in Europe, governments...
Israeli artillery targets Wadi Zibqine, outskirts of Braasheet