WS #15709
Houthi forces launched a second consecutive attack on Riyadh's King Khalid Airport, killing 12 people including an American and forcing the facility to close. This escalation, coupled with the Pentagon raising the official U.S. death toll in the Iran conflict, has pushed Brent Crude up nearly 2% to $106.80. The market is pricing in sustained supply disruption risks, benefiting energy producers and defense contractors while punishing airlines facing soaring fuel costs.
Middle East Escalation & Energy Shock
Houthi forces launched a second consecutive attack on Riyadh's King Khalid Airport, killing 12 people including an American and forcing the facility to close. This escalation, coupled with the Pentagon raising the official U.S. death toll in the Iran conflict, has pushed Brent Crude up nearly 2% to $106.80. The market is pricing in sustained supply disruption risks, benefiting energy producers and defense contractors while punishing airlines facing soaring fuel costs.