Iran and Houthis Try to Regain Upper Hand in Hormuz With Spate of New Attacks

Crude prices spiked due to heightened tensions in the Strait of Hormuz, a critical global shipping route, as Iran targeted shipping traffic and Yemen's Houthi militants launched attacks on Riyadh. This surge in aggression reflects a bid by both groups to assert influence amid regional instability, potentially impacting global oil supplies and market stability. The situation underscores the broader implications for international security and economic markets, as disruptions in the Hormuz could have far-reaching consequences. For more details, check out the full article in The Wall Street Journal.