Trump Threatens Iran and Houthi Rebels with 'Major Military Punishment' The recent escalation of tensions between the United States, Iran, and their proxies in Yemen has brought the Middle East to the brink of chaos.
President Donald Trump's threat of "major military punishment" against both Tehran and the Houthi rebels is a symptom of a more profound crisis: the unraveling of regional order in the Persian Gulf.
Oil prices have soared past $100 a barrel, causing economic consequences that are already being felt globally.