Trump vows to punish Iran for Houthi attacks in Red Sea, as oil surges over US$100

AdvertisementUS, Israel war on IranWorldMiddle EastTrump vows to punish Iran for Houthi attacks in Red Sea, as oil surges over US$100The US president says he is considering relaunching major combat operations in Iran and is close to a decision3-MIN READ3-MINReutersPublished: 1:53am, 24 Jul 2026US President Donald Trump promised on Thursday “major military punishment” for Iran and its Houthi allies, after the Yemeni fighters struck two Saudi oil tankers in the Red Sea, extending the Middle East war to a second major shipping chokepoint.Fears that disruption could widen further to block another sea route sent global oil prices surging in one of the steepest rises of the war. Brent crude rose more than 6 per cent, breaking through US$100 a ‌barrel for the first time since May.

Two weeks since the effective collapse of an interim truce meant to end the war, the US military launched another round of air strikes on Iran overnight into Thursday, prompting Iran to fire at neighbouring Arab countries that house US bases.Iranian state media said a missile struck Qeshm Island on the Strait of Hormuz on Thursday evening, raising the prospect of a further night of attacks in a conflict well into its fifth month that has already killed thousands and raised fears of a global economic downturn.After the Houthis said they had struck the two tankers, Trump said he would hold Iran accountable for any further attacks by the fighters.

The oil tanker Layla is seen in Rotterdam, the Netherlands, in October 2020. Photo: Peter Heiden via ReutersThe Houthis, who control northern and western Yemen, said this week they were imposing a naval blockade on Saudi Arabia, which has diverted millions of barrels of oil per day by pipeline to the Red ⁠Sea to get around Iran’s blockade of Gulf oil through the Strait of Hormuz.AdvertisementSelect VoiceSelect Speed0.

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