$BNB Yemen’s Houthis launch Israel strike, the first time since the U.S.-Israel war began

The Tehran-backed Houthis said they targeted “sensitive Israeli military sites,” marking an escalation in the U.S.-Israeli war against Iran.

Israel’s military says it intercepted an incoming missile from Yemen.

Moves by the Yemeni group to close off the Bab el-Mendeb Strait, a key shipping channel linking the Gulf of Aden to the Red Sea, could add to the pressure on global trade caused by the war.

Oil prices on Friday closed at their highest level in more than three years, as President Donald Trump’s pivot toward negotiations with Iran failed to ease market fears about the huge supply disruption in the Middle East.

U.S. crude oil prices rose 5.46% to close at $99.64 per barrel. International benchmark Brent crude prices gained 4.22% to settle at $112.57.