Michael Allen, Managing Director and Partner of Beacon Global Strategies, joins Bloomberg's "Balance of Power" to discuss President Trump's threat to punish Iran for future Houthi attacks. Allen says Trump's actions show the US is serious about Iran cooperating on both terrorism and it's nuclear program.

An Iranian general warned on Sunday of the potential for a "decisive and devastating" response to any executed threat, a day after the U.S. conducted strikes on Houthis in Yemen. Gen. Hossein Salami also denied that Iran had backed the rebel group,

A ship fires missiles at an undisclosed location, after U.S. President Donald Trump launched military strikes against Yemen's Iran-aligned Houthis on Saturday over the group's attacks against Red Sea shipping,

Oil prices rose slightly on Monday after the United States vowed to keep attacking Yemen's Houthis until the Iran-aligned group ends its assaults on shipping, while Chinese economic data buoyed hopes for higher demand.

Oil futures climbed on Monday, finding support after the U.S. over the weekend launched U.S. strikes on Houthi rebels in Yemen, raising the risk of disruptions to oil flow in the region.

Oil prices were up nearly 1 per cent on Monday after the US bombed Yemen's Houthis for a second night, warning of an “unrelenting” attack on the militant group, and as China announced stimulus plans to boost its tepid economy.