LIVE | A New Front: How Entry of Houthis Impact Gaza Conflict | US Iran War | Vantage on Firstpost

The Houthis have entered the war. Over the weekend, the Iran-backed group based in Yemen fired a salvo of ballistic missiles at what it described as sensitive military sites in southern Israel. Israel says it intercepted the attack. But the entry of Iranian proxies into this conflict marks a significant new escalation — and energy markets have already responded. Brent crude crossed $115 a barrel today. Oil prices have risen 51% this month alone — the biggest monthly surge on record. The previous record was 46%, set in September 1990 when Saddam Hussein invaded Kuwait and the first Gulf War began.

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