Fighting in Yemen is widening and oil is climbing, which is bad news for drivers and for Saudi Arabia's oil exports.

• Saudi-backed forces pushed toward the Bab el-Mandeb strait and bombed over 100 targets, while the Houthis hit a Saudi oil pipeline pumping station.
• Trump's top cabinet officials met secretly at Camp David about Iran and Yemen — the same pattern seen right before past strikes.
• The US is back to refueling Saudi jets and has hundreds of military analysts inside Saudi Arabia, putting the US-Houthi truce at risk.
• A third aircraft carrier is heading to the Strait of Hormuz, and every recent buildup like this has ended in strikes.
• Gas is near $4.36 a gallon and diesel is close to its record, so Trump pressured G7 countries to release emergency oil reserves they wanted to save for winter.

Outlook: If the Saudi pipeline goes fully offline or the Houthis resume attacks on US ships, oil and diesel prices spike again just as winter heating demand arrives.