Trump expects talks with Iran to resume this week after rejecting proposal

A Saudi airstrike on Taiz in southwest Yemen resulted in the deaths of seven people and injuries to dozens more, according to Houthi media. The attack targeted a central marketplace shortly after a Saudi fighter jet was reported in the area. This incident is part of escalating tensions as the Iran-backed Houthis have intensified their offensive, capturing Yemen’s Red Sea coast and imposing a blockade on Saudi energy exports. Meanwhile, Iran’s Revolutionary Guards claimed to have seized an American submarine drone in the Strait of Hormuz, accusing it of espionage. In response to the ongoing conflict, schools in Riyadh have shifted to remote learning amid heightened regional tensions. Iran has reiterated its conditions for reopening the Strait of Hormuz, despite U.S. opposition, while the U.S. Treasury Secretary has been working to economically isolate Iran by targeting its airlines and banks. QUESTION: How might the ongoing conflict in Yemen and the surrounding region impact global trade and energy supplies? 

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