Crude surges, stocks dive as Houthi attacks escalate Iran war

HONG KONG, China — Oil prices rallied and stocks tumbled again Monday as the Middle East crisis escalated with the entry of Houthi rebels into the Iran war and investors grew increasingly concerned the United States would send in ground troops. As the conflict moved into its fifth week, the spectre of a widening conflict grew as Yemen’s Houthi rebels on Saturday said they had fired “a barrage of cruise missiles and drones” at strategic sites in Israel. The strikes raised concern about the war spreading to the Red Sea, with Saudi Arabia rerouting much of its oil exports there […]... Keep on reading: Crude surges, stocks dive as Houthi attacks escalate Iran war

Go to News Site