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US Pauses Iran Bombing Campaign As Saudi-Houthi Red Sea Front Erupts

US Pauses Iran Bombing Campaign As Saudi-Houthi Red Sea Front Erupts Brent crude surged 27% over two weeks to settle at $96.78 a barrel on Friday, briefly breaching $100 this past week as traders priced in a higher war-risk premium into energy markets amid simultaneous chokepoint threats to the Strait of Hormuz and the southern Red Sea. Meanwhile, the US appeared to pause its 13-day campaign of daily overnight strikes against Iran. While there was no indication that the operational halt would extend into next week, the pause certainly reinforces...
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