Oil Prices Hit Two-Week High as Houthi Attacks Disrupt Red Sea Shipping
July 9, 2025 Global oil prices surged to their highest level in two weeks on Tuesday following renewed Houthi assaults on commercial vessels navigating the Red Sea, heightening fears of major disruptions to global supply routes. According to Reuters, the sharp price rally was triggered by an attack on the Eternity C, a Greek-operated, Liberian-flagged