Middle East Escalation Threatens Global Energy, Triggers Nuclear Arms Race

The world is watching a Middle East in flames as oil prices surge past $108 per barrel and supply chains buckle under pressure. Houthi forces have struck Saudi Arabia's vital East-West Pipeline, forcing the closure of the Yanbu Red Sea terminal and suspending crude exports. With the Strait of Hormuz choked by US-Iran blockades, Saudi Arabia's East-West Pipeline was supposed to be the "insurance policy"—now it's offline too.

"The strait has...