Oil rises above $115 and Asia shares slide as Iran war escalates

It comes after Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend. It comes after Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend.

Key takeaways

Quick scan — what you need to know:

• It comes after Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend.
• It comes after Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend. It comes after
• Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend.

Background

What led here, in plain terms:

• the weekend.
• Full context often emerges as officials, markets, or courts add updates.

Why it matters

Why readers and decision-makers should care:

• It comes after Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend.
• It comes after Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend. It comes after
• Iran-backed Houthi rebels in Yemen joined the conflict by striking Israel over the weekend.