News Summary

• Analysts say the consequences for energy prices and the world economy may be more serious in this later phase of a war that many had expected to be largely over by now.
• The kingdom suffered little damage in the early phases of the conflict launched by Donald Trump and Israel against Iran last winter.
• Now, though, Mohamed bin Salman, the Saudi crown prince and de facto ruler, finds himself harried by both Iran and its Iraqi proxies in the north and the Tehran-allied Houthi group that controls a swath of Yemen to the south.
• “They are being squeezed on both sides,” said Karen E.
• Young, a senior research scholar at Columbia University’s Center on Global Energy Policy.