WS #14506

The Middle East tensions continue to escalate, with recent developments including the U.S.-supplied Saudi F-15 jet being shot down by Houthi rebels and the U.S. meeting with Houthi representatives in Oman. These events have heightened geopolitical risks and contributed to oil price volatility. The energy sector remains the most directly impacted, with oil prices nearing $110 per barrel. Meanwhile, the Fed's policy stance remains a key factor, with market participants closely watching for potential rate hikes. The tech sector shows mixed signals, with some companies reporting positive developments while others face challenges. Overall, the market environment remains one of uncertainty, with no material changes to the prevailing themes of geopolitical risk and monetary policy.