Iran Signals Openness to Talks as Houthi Attacks Push Oil Prices Higher

Tensions across the Middle East intensified this week after fresh military strikes rattled the region and shook global energy markets. The U.S. president said Iran was eager to reach an agreement with Washington, describing the country as ready to negotiate “quickly and badly,” while adding that any American engagement remains under review.

Houthi Strike on Saudi Airbase Deepens Conflict

The escalation came shortly after Yemen’s Houthi movement claimed responsibility for a large missile and drone assault on a Saudi military airbase, targeting aircraft hangars, radar systems and runways. The strike followed Saudi airstrikes in Yemen and triggered emergency alerts in several southern cities.

Oil Markets React Sharply

Crude prices jumped more than 4% when trading resumed, and U.S. diesel prices climbed to a record high. Damage to a major Saudi pipeline has raised concerns that a meaningful share of global oil supply could be disrupted for an extended period.

Gulf Negotiations Postponed

A planned meeting between Iran and Gulf states aimed at easing tensions in the Strait of Hormuz was delayed at Saudi Arabia’s request, according to Iranian officials.

Renewed fighting has displaced tens of thousands of residents, with aid groups reporting families trapped and unable to reach safety as the conflict spreads.