WS #15676
Market-moving escalation in the Middle East has invalidated the brief 'Energy Ceasefire' narrative. Houthi forces confirmed strikes on an Aramco gas facility, an oil refinery, and King Fahd International Airport in Dammam, while Russian forces continued attacks on Kharkiv. This dual-front aggression has pushed Brent crude back above $103, reigniting supply disruption fears. The market is pricing in a sustained risk premium, benefiting energy producers but threatening global inflation and consumer spending power.
Middle East & Energy Supply Shock
Market-moving escalation in the Middle East has invalidated the brief 'Energy Ceasefire' narrative. Houthi forces confirmed strikes on an Aramco gas facility, an oil refinery, and King Fahd International Airport in Dammam, while Russian forces continued attacks on Kharkiv. This dual-front aggression has pushed Brent crude back above $103, reigniting supply disruption fears. The market is pricing in a sustained risk premium, benefiting energy producers but threatening global inflation and consumer spending power.