Houthis claim attack on Saudi oil refinery as Iran war widens to Red Sea

Yemen's Houthi rebels, backed by Iran, have claimed an attack on a Saudi oil refinery, escalating tensions in the Red Sea amid an already volatile situation due to disruptions in the Strait of Hormuz. This development could further strain global oil supplies and exacerbate existing market pressures. The implications are significant, as any escalation in this region threatens to destabilize not just the Middle East but global energy security, raising concerns about potential widespread economic impacts.