Politics

Oil price surges past $80 as concerns grow over Houthi response to US-UK air strikes

Markets jittery as Iran-backed proxy promises retaliation after attack on group's military facilities in Yemen

Air strike escalation: A RAF Typhoon aircraft takes off to join the U.S.-led coalition from RAF Akrotiri to conduct air strikes against military targets in Yemen, aimed at the Iran-backed Houthi militia that has been targeting international shipping in the Red Sea.
Air strike escalation: A RAF Typhoon aircraft takes off to join the U.S.-led coalition from RAF Akrotiri to conduct air strikes against military targets in Yemen, aimed at the Iran-backed Houthi militia that has been targeting international shipping in the Red Sea.Photo: UK MOD/REUTERS/SCANPIX
Africa CorrespondentLondon
YemenHouthiUSUKRed Sea
Published 12 January 2024, 11:22Updated 12 January 2024, 13:27