Summary
Escalating attacks around the Red Sea, particularly by Houthi forces in Yemen, have pushed global oil prices above $100 a barrel, threatening critical shipping routes like the Bab el-Mandeb Strait. These attacks, including missile strikes on Saudi energy infrastructure and territorial gains by Houthis, have reignited major fighting in Yemen's civil war and caused significant displacement. Oil prices climbed over 2% on Monday, with Brent crude futures opening at $108.23 a barrel.
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