Oil tops $100 for first time since May after Houthi tanker strikes, Trump threats The Iran-backed rebels said they had targeted two Saudi tankers, the Encelia and the Layla. Yemen
Houthis warn shipping firms to avoid Saudi ports or face attack: What to know The Houthi militia reportedly emailed multiple shipping companies on Tuesday, warning them of the consequences of visiting Saudi ports. Yemen
Suez Canal traffic soars as Hormuz disruptions reroute energy trade The canal generated $419 million in revenue in April, up 27% year over year. Egypt
Somaliland's first ambassador to Israel announces embassy in Jerusalem: What to know Israel was the first country to recognize the breakaway region on the Horn of Africa last year. Israel
South Africa’s Milkor gets go-ahead to produce drones in Saudi Arabia The Gulf country is bolstering its defense capabilities amid increasing instability in the Middle East. Saudi Arabia
UK’s Cameron heads to Oman to discuss Houthi attacks, Red Sea escalation Ahead of the visit, the foreign minister told the Conservative Middle East Council that Britain is ready to bring forward the moment when it officially recognizes an independent Palestinian state. Oman
Intel gap vexes US Navy's hunt for Houthi missile smuggling Military officials admit the US Navy and its allies haven’t had much success interdicting the flow of advanced weapons components — warheads, computer guidance systems and the like — from Iran to the Houthis. Legacy: Gulf
Red Sea trade hit can be 'managed' amid weak global demand, says WEF Maroun Kairouz, director of the World Economic Forum for the Middle East and North Africa, told Al-Monitor that the Israel-Hamas conflict has not had a material impact on global energy markets so far. Yemen
