Houthi forces launched a series of strikes on Saudi oil infrastructure between July 22 and 25, targeting tankers and Aramco facilities along the Red Sea coast. Gulf equity markets slid in response, crude oil blew past $100 per barrel, and Bitcoin dropped below $65,000. XRP also traded lower as the broader digital asset market absorbed the energy price volatility. Over $900 million in traced Tether (USDT) transactions on the TRON blockchain have been linked to Houthi activities, giving ammunition to lawmakers pushing for stricter oversight of stablecoin issuers.
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