US President Donald Trump has warned Iran of 'major military punishment' following attacks by the Houthi militia on Saudi oil tankers in the Red Sea.The attacks, which occurred near the Saudi port of Jizan, have raised fears of further disruption to global oil supplies.Brent crude prices surged over six percent, breaking through $100 a barrel for the first time since May.

The Houthi group, backed by Iran, has imposed a naval blockade on Saudi Arabia, diverting oil shipments through the Suez Canal and increasing shipping costs.Trump accused Iran of using the Houthis as a proxy and threatened retaliation, citing recent US strikes on Iranian infrastructure.Iran responded by attacking US military sites in Jordan and Kuwait, while Jordan reported intercepting Iranian missiles.The conflict, now in its fifth month, has escalated tensions in the Middle East and raised concerns about a global economic downturn.Analysts warn that blocking key shipping routes like the Bab el-Mandeb could further destabilize energy markets.