Oil prices increased as President Trump asserted U.S. accountability for Iran regarding future Houthi attacks, causing U.S. crude to rise to $67.58 per barrel and Brent to $71.02. Trump’s threat followed recent U.S. airstrikes against the Houthis, as Defense Secretary Hegseth underscored the importance of freedom of navigation.
On Monday, oil prices experienced an increase following remarks from President Donald Trump, who stated that Iran would be held accountable for any future attacks by the Houthis. The Houthi group, based in Yemen, has been known for its recurrent assaults on commercial maritime vessels. As a response, U.S. crude oil futures rose by 40 cents, or 0.6%, reaching $67.58 per barrel, while global benchmark Brent increased by 44 cents, or 0.62%, to $71.02 per barrel.
In a statement shared on the social media platform Truth Social, President Trump emphasized, “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 further stated, “IRAN will be held responsible, and suffer the consequences, and those consequences will be dire!” These comments signify a heightened approach to Iranian accountability regarding Houthi aggression.
This assertion of accountability aligns with the recent U.S. military actions, including a series of airstrikes directed at Houthi positions over the weekend. Secretary of Defense Pete Hegseth articulated that the U.S. will persist in its military campaign until the Houthis cease their offensive actions. He stated, “This campaign is about freedom of navigation and restoring deterrence,” indicating a commitment to maritime safety and geopolitical stability.
In summary, oil prices are on the rise following President Trump’s declaration that Iran will be held accountable for Houthi attacks, thus reflecting an escalation in regional tensions. The U.S. military’s ongoing campaign against the Houthis underscores the critical nature of safeguarding commercial shipping routes. President Trump and Secretary Hegseth’s remarks reinforce the U.S. commitment to deterring further aggression in the region.
Original Source: www.cnbc.com
