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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Israel resumes airstrikes on Gaza, five Palestinians killed
Israeli airstrikes in Gaza have resulted in the deaths of at least five Palestinians, with the Israeli military targeting a Hamas military location in the north. The attacks were renewed after both sides accused each other of violating a ceasefire, leading to increased tensions and casualties. Israel dropped evacuation leaflets in Gaza, warning residents of "dangerous combat zones" and stating that the onslaught was "just the beginning" as the conflict escalated further. Full Article
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