Houthi Attacks on Saudi Oil Piplines Send Prices Higher; Israel Claims 'Massive Victory' over Hezbollah JERUSALEM, Israel – Iran and its proxies are increasing pressure on one of the world's oil shipping routes. The pressure threatens Saudi Arabia's massive oil production, as well as oil markets and the price of gas.

Meanwhile, Israel says it has scored another major victory against the Iranian proxy Hezbollah in Lebanon. The Saudis face a potential energy crisis after an attack knocked out much of its critical east-west oil pipeline. The nearly 800-mile pipeline allows the kingdom to move oil from the Persian Gulf to the Red Sea and bypass the Strait of Hormuz.

Officials say the attack could keep most of the pipeline, which carries as much as seven million barrels of oil per day, out of service for three to five weeks. Their alternative route through the Red Sea is also under threat. Iranian-backed Houthi forces captured a strategic island inside the Bab-al-Mandab Strait and a key port on the Red Sea.

Those two advances give the Houthis more leverage over one of the world's most important chokepoints and a key route to Saudi Arabian oil Analyst Mick Mulroy noted, "The Houthis are, of course, a proxy of Iran, and Iran wants to cause more global disruptions.

" Saudi Crown Prince Mohammed bin Salman met on Monday with CENTCOM Commander Adm. Brad Cooper to ask for military assistance against the Houthis. President Trump has so far declined to direct U.S. strikes, but Washington is providing intelligence and targeting assistance.

Vice President JD Vance claims the administration is closely watching the Houthi advance. "We've been in constant contact with the Emiratis, the Saudis, and others who are affected in the region... It's a very fluid and dynamic thing," Vance declared.

The crisis is already putting more pressure on world energy markets, with oil prices again rising to more than $100 per barrel ***Please sign up for CBN Newsletters and download the CBN News app to ensure you receive the latest news from a Christian perspective.

*** Over the weekend, a Wall Street Journal report quoted U.S. officials who stated that Chinese entities gave Iran satellite images of a base in Jordan prior to an attack that killed three U.S. troops in July. The president told reporters on Air Force One, "You know, when they say that China spies on us, I say, 'You're right, and we spy on them too,' you know?

We spy on them, too." Israeli Prime Minister Benjamin Netanyahu announced on Monday that Israel destroyed one of Hezbollah's main strongholds in southern Lebanon and called it "another massive victory." He added, "We destroyed its major terror stronghold on the Beaufort and Ali Taher ridges.

Ali Taher was used not only to attack Kiryat Shmona and Metula but also as Hezbollah's forward command post in its plan to conquer the Galilee." The prime minister pledged that Israel will continue destroying Hezbollah infrastructure and removing threats along its northern border.

How destroyed jets and drones helped cause cost of Iran war to reach $33.4bn - A Defense Department inspector general report reveals the US military faces strategic weapons shortages due to its war on Iran. - The conflict, dubbed Operation Epic Fury, has cost Washington an estimated $33.

4 billion, primarily driven by expended munitions. - Operation Epic Fury exposed critical industrial base bottlenecks and munitions resupply shortfalls between February 28 and June 30. - The US military lost dozens of aircraft, including four destroyed F-15 fighter jets and up to 30 MQ-9 Reaper drones.

- Iranian strikes damaged or destroyed hundreds of structures at US bases across eight Middle Eastern countries.

A quarterly report by the Lead Inspector General detailed operations in the Central Command area, stating that US forces conducted approximately 36,000 sorties and struck roughly 13,500 targets in Iran, while deploying over 50,000 service members. The Department of War reported estimated costs of $33.

4 billion as of June 29, with the White House subsequently requesting an $87.6 billion emergency supplemental appropriation.

Saudi Arabia reported that 13 people were injured in missile and drone strikes targeting the southern regions of Khamis Mushait, Abha, and Taif, an attack that Houthi forces attributed to a broader campaign involving ballistic missiles and drones. This escalation follows Houthi declarations of a maritime blockade and renewed hostilities, while also coinciding with reported strikes on the group’s government counterparts in western Yemen, according to military sources.