Oil prices rose after President Trump stated that Iran would be held responsible for future Houthi attacks. U.S. crude oil futures went up by 0.6%, and Brent crude increased by 0.62%. Trump’s comments followed new U.S. airstrikes against the Houthis, emphasizing ongoing military efforts until the attacks cease.
Oil prices experienced a rise on Monday, following statements from President Donald Trump regarding Iran’s responsibility for future Houthi attacks. The rise saw U.S. crude oil futures increase by 40 cents (0.6%) to reach $67.58 per barrel, while the global benchmark Brent crude saw a 44 cents (0.62%) increase, reaching $71.02 per barrel.
Trump emphasized that any Houthi attack moving forward would implicate Iran, stating on the social media platform Truth Social that, “Every shot fired by the Houthis will be looked upon, from this point forward, as being a shot fired from the weapons and leadership of IRAN.” He warned that Iran would face serious consequences for such actions.
This statement follows a series of U.S. airstrikes against the Houthis over the weekend. Defense Secretary Pete Hegseth reassured that the military campaign will persist until the Houthi group ceases its attacks on maritime operations, signaling that the U.S. aims to ensure freedom of navigation.
In summary, following President Trump’s assertion of holding Iran accountable for Houthi attacks, oil prices have increased. This situation underscores the U.S. commitment to countering Houthi aggression and protecting maritime interests, with military actions expected to continue until the threats are mitigated.
Original Source: www.cnbc.com
