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Red Sea Strikes Spark Global Oil Surge | Auckland News
Iran and its Houthi allies strike Saudi oil tankers in the Red Sea, sparking global oil price spikes and escalating U.S. military retaliation—marking the 13th straight night of U.S. strikes on Iran, which has now fired at U.S. bases in neighboring countries, killing four and injuring five in Ahvaz. President Trump threatens “major military punishment” and even re-launching combat, while considering using frozen Iranian assets to cover damages—a move Iran calls “incendiary.” Iran reportedly sent advisors and gear to Yemen before the Houthi blockade, and shipping insurance costs have doubled…
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