U.S. President Donald Trump seems on as army strikes are launched in opposition to Yemen’s Iran-aligned Houthis over the group’s assaults in opposition to Pink Sea delivery, at an unspecified location on this handout picture launched March 15, 2025.
White Home | Through Reuters
Oil costs rose on Monday after President Donald Trump stated the U.S. would maintain Iran answerable for any future assault by the Houthis, a militant group in Yemen that has repeatedly launched strikes on industrial delivery.
U.S. crude oil futures rose 40 cents, or 0.6%, to $67.58 per barrel. International benchmark Brent traded 44 cents, or 0.62%, increased at $71.02 per barrel.
“Each shot fired by the Houthis might be seemed upon, from this level ahead, as being a shot fired from the weapons and management of IRAN,” Trump stated in a submit on social media platform Reality Social. “IRAN might be held accountable, and undergo the results, and people penalties might be dire!”
Trump’s risk comes after the U.S. launched a new wave of airstrikes in opposition to the Houthis over the weekend. Protection Secretary Pete Hegseth stated Sunday the U.S. marketing campaign will proceed till the militant group halts its assaults.
“This marketing campaign is about freedom of navigation and restoring deterrence,” Hegseth advised Fox Information’ Sunday Morning Futures. “The minute the Houthis say we’ll cease taking pictures at your ships, we’ll cease taking pictures at your drones, this marketing campaign will finish. However till then, it will likely be unrelenting.”
The Houthis started concentrating on industrial delivery traversing the Pink Sea in late 2023 in help of Hamas, after the Palestinian militant group launched a shock assault on southern Israel and Israel responded with a floor and air marketing campaign in Gaza. The Houthis and Hamas are each allied with Iran.
The Houthi strikes have compelled worldwide delivery firms to re-route container ships that will usually move via the Pink Sea and Suez Canal.
Trump has re-imposed a “most strain” marketing campaign in opposition to Iran with objective of driving down the Islamic Republic’s oil exports. Treasury Secretary Scott Bessent not too long ago stated the Trump administration’s objective is to collapse Iran’s economic system.
The White Home believes Iran is pursuing a nuclear weapon, an allegation the Islamic Republic denies. Trump’s nationwide safety advisor, Mike Waltz, stated Sunday that “all choices are on the desk” to make sure Iran doesn’t purchase a nuclear bomb.
“We can not have a state of affairs that will end in an arms race throughout the Center East when it comes to nuclear proliferation,” Waltz advised ABC’s “This Week” in an interview.”
Trump has stated he needs to negotiate a nuclear deal with Iran. The president withdrew the U.S. in 2018 from the nuclear deal negotiated by President Barack Obama, known as the Joint Complete Plan of Motion.
