In this episode of The President's Daily Brief:

First, the Iran-backed Houthis have begun enforcing their blockade of Saudi Arabia, striking oil tankers in the Red Sea as new reporting points to a deeper and more direct Iranian role behind the escalation.

Later, Russia’s growing fuel shortages are reportedly beginning to disrupt military operations in Ukraine, with some frontline units forced to ration supplies and abandon equipment they can no longer operate or recover.

Plus, Secretary of State Marco Rubio offers a sober assessment of peace efforts in Ukraine while reassuring America’s Asian allies that Washington’s outreach to China will not come at their expense.

And in today’s Back of the Brief, a new report estimates that rebuilding Gaza will cost approximately $71 billion and warns that any lasting reconstruction effort will require meaningful Palestinian participation.

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