Middle East Crisis and US-Iran Situation

• Houthi Rebels Attack Two Saudi Airports: Yemen's Houthi group recently launched consecutive attacks using ballistic missiles and drones on King Khalid International Airport in Riyadh, the capital of Saudi Arabia, and Abha Airport in the southwest, resulting in 3 deaths and dozens of injuries. The Saudi-led coalition subsequently launched retaliatory airstrikes. • US Military Prepares for Renewed Strikes on Iran: Relations have continued to deteriorate since the expiration of the Memorandum of Understanding (MOU) between the US and Iran. US officials revealed that the Pentagon has instructed Central Command to prepare for the resumption of large-scale combat operations against Iran, with potential strikes occurring before the US midterm elections in November, targeting Iran's energy and nuclear facilities. • Shipping Disrupted and Oil Prices Exceed $100: Due to the tense situation in the Strait of Hormuz, vessel traffic through the strait has fallen to its lowest point in over two months, causing international Brent crude oil prices to break the $100 per barrel mark again.