Cyprus Mail23 Jul 2026

Trump vows to punish Iran for Houthi attacks in Red Sea; oil surges over $100

U.S. President Donald Trump promised on Thursday “major military punishment” for Iran and its Houthi allies, after the Yemeni fighters struck two Saudi oil tankers in the Red Sea, extending the Middle East war to a second major shipping chokepoint.

The prospect that disruption could widen to a second sea sent global oil prices surging in one of the steepest rises of the war. Brent crude LCOc1 rose more than 6%, breaking through $100 a barrel for the first time since May....

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