Iran threatens Red Sea gateway as US launches more strikes

The US launched strikes against Iran, prompting Tehran to instruct the Houthis in Yemen to shut down a key Red Sea oil route if US attacks Iranian power infrastructure. Houthis also threatened Saudi oil facilities, while oil producers accelerated efforts to diversify energy transport routes, including a proposed Chevron pipeline from Iraq to the Mediterranean and Goldman Sachs' projections of new projects insulating Gulf exports by 2027.