Mortgage rates surge to nearly a year’s high amidst regional tensions This week, mortgage rates climbed to their highest level in almost a year at 6.58%, driven by the escalating conflict between the United States and Iran, which pushed oil prices upwards. The tension has also led to renewed geopolitical concerns over energy supply, with the potential for an emerging "slumbering" energy crisis. Following reports that Houthi rebels received military aid from Iran, oil prices soared above 100 dollars per barrel on Thursday. These events have spurred public debate in the United States. According to a Fox News poll, 56% of surveyed voters oppose U.S. military action against Iran, while President Trump’s handling of the conflict has hit a record-low approval rating at just 34%. The latest escalation in tensions also saw President Trump threatening "strafacties" (strikes) on Iran over recent attacks by Houthi rebels in the Red Sea. The conflict has stretched beyond oil markets and national polls. Britain recently responded to threats from Iran, indicating a possible resurgence of hostilities that could affect military bases. Meanwhile, Saudi Arabia reported two tanker attacks in the Red Sea attributed to the Houthi rebels, with reports suggesting involvement from Iranian-backed combatants. The international community is closely monitoring these developments, as any further escalation could have significant impacts on global economies and security.