Oil prices leap after attacks in Red Sea

Oil prices spiked dramatically following attacks on at least one Saudi oil tanker in the Red Sea, raising concerns about escalating conflict risks in a crucial shipping lane. Secretary of State Marco Rubio accused the Houthis of being manipulated by Iran, suggesting a deeper geopolitical struggle. This surge in oil prices could have significant economic repercussions, impacting everything from global supply chains to consumer costs. The incident underscores the vulnerability of key maritime routes and the potential for broader conflict to disrupt global energy markets.