US-Iran strikes enter 10th day as Houthi threats widen Red Sea risk

The United States and Iran have exchanged strikes for a tenth consecutive day, marking a significant escalation in the ongoing military conflict.

While mediators continue efforts to revive a truce, the Houthi militant group in Yemen has simultaneously threatened shipping lanes in the Red Sea, opening a new front of disruption risk for global trade.

Brent crude and WTI futures faced renewed upward pressure as markets priced in the expanding scope of the conflict.

The dual threat of direct US-Iranian engagement and Houthi attacks on commercial vessels keeps the Strait of Hormuz and Red Sea routes under severe strain, sustaining the risk premium embedded in energy prices.

The US Central Command confirmed the continuation of military operations, which have intensified over the past week.

The campaign, initially aimed at reopening the Strait of Hormuz, has now persisted for over ten days without a diplomatic resolution.