"Global Oil Prices Surge Following US and UK Airstrikes on Houthi Targets"

Oil prices surged over 2.5% after the US and Britain conducted air and sea strikes on Houthi military targets in Yemen in response to the group's attacks on shipping in the Red Sea, raising concerns about potential disruptions to oil supplies from the region. The attacks come amid escalating tensions in the Middle East, with the US and its allies sending a clear message against threats to freedom of navigation. The Houthi attacks have already disrupted international commerce, leading shipping companies to divert vessels away from the Red Sea, while Iran's recent seizure of a tanker near the critical Strait of Hormuz has further heightened concerns about oil flows through the region.