Trump Threatens Iranian Infrastructure After Houthis Block Red Sea Artery
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Trump Threatens Iranian Infrastructure After Houthis Block Red Sea Artery
DUBAI/MANILA, July 22 (Reuters) – U.S. President Donald Trump vowed on Wednesday to destroy an Iranian bridge or power plant every time Iran shoots at a ship in the Strait of Hormuz, raising the stakes after Iranian-allied Houthis in Yemen threatened a second vital energy route.
Seven tankers have changed course in the Red Sea to avoid the Bab el-Mandeb strait since the Houthis’ threat on Tuesday to block Saudi oil exports, highlighting a new risk to global oil supplies from the intensifying conflict.
In response to Trump’s threat to Iran’s infrastructure, an Iranian military source cited by Tasnim news agency said Tehran would retaliate against infrastructure in the region.
Iran’s near-total blockade of the Strait of Hormuz in the Gulf has stoked inflation around the world, and the new risk to shipping from the Houthis, who control areas near the Bab el-Mandeb strait, pushed oil prices to a near six-week high.
Brent crude futures hit more than $95 a barrel before easing back to nearer $93 by midmorning U.S. time.
U.S. gasoline prices, which have weighed on Trump’s poll ratings ahead of midterm elections in November, have climbed back over $4 a gallon.
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Millions of barrels of Saudi oil per day have been heading to the........
