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The Iran-backed Houthi militia in Yemen has declared a Red Sea blockade on Saudi Arabia, potentially opening up a new front in the war rippling across the Middle East.
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Inflation fears are back in focus amid worries over escalating tensions between the U.S. and Iran in the Middle East conflict which has kept oil prices elevated
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Delhi witnessed overwhelming violence on Monday, with at least 60 protesters wounded. Police said 118 of their men were also injured.
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An intensifying cycle of violence has left at least three U.S. service members dead since the resumption of hostilities a week ago.
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The global oil price went above $90 but pulled back on signs of hope for a reduction in tensions.
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Even as President Donald Trump boasts that the U.S. "demolished" the Iranian military, Iran is continuing to flex its muscles.
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