Oil rises as Trump says Iran will be held responsible for any future Houthi attacks

Oil prices rose on Monday after President Donald Trump threatened to hold Iran responsible for any future attacks by the Houthis, a militant group in Yemen targeting commercial shipping in the Red Sea and Israel. U.S. crude oil futures increased by 0.6% to $67.58 per barrel, while global benchmark Brent rose by 0.62% to $71.02 per barrel. The U.S. launched airstrikes against the Houthis, with Defense Secretary Pete Hegseth stating the campaign will continue until the attacks cease, impacting international shipping routes.

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