President Trump signals readiness for massive military strikes on Iran as global oil prices surge following Houthi rebel blockade.

The administration announced a continued military offensive against Iran, marking the 13th consecutive night of strikes aimed at degrading Tehran's ability to threaten commercial shipping. These attacks have intensified regional tensions, causing global oil prices to surge past $100 a barrel for the first time in two months. President Trump stated he is considering a "massive attack" that would be "bigger than ever before" to address the escalating conflict. He also warned that the U.S. will use Iran’s frozen assets to pay for any damage caused to ships or cargo by the Houthi rebels. While the administration remains firm on its military posture, Iranian Foreign Minister Abbas Araghchi cautioned that seizing another nation's assets to pay for future claims sets a dangerous global precedent. Meanwhile, the Houthi rebels have declared a maritime blockade on Saudi-linked shipping in the Red Sea. Despite these threats, tracking data shows that several tankers have successfully navigated the Bab al-Mandeb Strait, though many vessels remain cautious due to the ongoing security situation.

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