Iran-Backed Houthis Teach Oil Prices to Climb Like Sponsored Rock Climbers
KEY POINTS
- ā¢Iran-backed Houthis fired missiles and drones at Israel over the weekend, marking the first such attacks from Yemen.
- ā¢In response to rising tensions, over 3,500 U.S. troops, including about 2,500 Marines, arrived in the Middle East by Saturday.
- ā¢Gasoline prices rose close to $4 a gallon as Rep. Jim Himes accused Trump of misleading about Iran negotiations.
As the war tiptoed into its fifth week, oil prices RSVP'd for a $116 barrel bash on Sunday, up 3.3% for Brent and nearly $103 for WTI, making wallets scream louder than a metal show. Iranās parliamentary speaker Mohammad Bagher Ghalibaf promised to 'set U.S. troops on fire', which sounds less like diplomacy and more like roast night. Meanwhile, Houthis expanded their party crash venues, firing missiles at Israel from Yemen for the first time since the warās opener, with Israel intercepting more 'surprise gifts'. Over 3,500 U.S. troops, including a formidable 2,500 Marines deployment, showed up like the unwanted plus-ones of this geopolitical shindig. Rep. Jim Himes accused Trump of 'flat-out lying' about Iran talks, pointing out gasoline jumping just shy of $4 a gallon, proving the only thing warming faster than oil is Americansā rage at the pump. Energy historian Daniel Yergin, sounding like a worried librarian, warned that Houthis might sabotage Red Sea shipping lanes, which Iran already partially shut in the Strait of Hormuz, home to a fifth of global seaborne oil. The Eurasia Group made it clear: Houthis won't torch Saudi oil but will drop selective pranks on its infrastructure. Meanwhile, American Petroleum Institute President Mike Sommers played the 'at least we produce 13 million barrels daily, not 5 million from a decade ago' card, trying to keep us from imagining a $10 gallon gas apocalypse. The geopolitical version of a sibling rivalry continues with missiles, threats, and price hikes taking center stage.
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(1 of 3)Nothing says 'peace talks' like Iran sending missiles, Houthis crashing Israel's party, and oil prices playing the world's worst elevator music.
US troops in the Middle East is basically the world's longest awkward family reunion none of us asked for but everyone's paying for.
Gasoline edging closer to $4 a gallon because apparently war strategy now doubles as a fuel price DJ remix.
Source: Axios | Published: 3/29/2026 | Author: Chuck McCutcheon
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