Houthi Rebels Attack Saudi Tankers in Red Sea

Why it matters locally: As a leading oil and gas producing state, Texas could see impacts from increased global oil prices resulting from disruptions to Red Sea shipping lanes. The stability of oil supply chains is a key concern for the state's energy sector.

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Yemen-based Houthi rebels attacked two Saudi Arabian oil tankers in the Red Sea. Iran supports the Houthi rebel group. Richard Engel of NBC News reported on the incident, describing it as a new front in the Middle East conflict. Christine Romans of TODAY offered analysis regarding the economic impact, specifically addressing gas prices in the United States.