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

17 March 2025
in World
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Oil rises as Trump says Iran will be held responsible for any future Houthi attacks
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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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Tags: AttacksBarack ObamaBreaking News: MarketsBreaking News: Politicsbusiness newsDonald TrumpForeign policyfutureGovernment and politicsheldHouthiICE Brent Crude (Apr'23)IranoilOil and GasPoliticsresponsiblerisesTrumpUnited StatesWTI Crude (Mar'23)
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