India, July 27 -- On July 23, Saudi Arabia confirmed that two of its oil tankers were attacked by the Houthis militia group in the Red Sea using ballistic missiles and drones. The attack has led to the crude oil price surging to $100 per barrel, a nearly two-month high, following the latest US-Iran war escalation. The Houthis have earlier disrupted the trade flow from the Red Sea during the Israel-Gaza War and effectively turned the Bab al-Mandab chokepoint into an area denial zone. The Houthis are a militant group in Yemen that enjoys financial and military support from Iran. The occasional involvement of the Houthis militia group to support Iran during the war period remains a vital part of the Iranian axis of resistance. It never resol...