- Houthi strikes on key Saudi targets around the Bab el-Mandeb strait mark a renewed security challenge and push oil prices higher.
- Japanese stocks fell for a second day as persistently high oil prices revived inflation concerns and weighed on equities near record highs.
- UK gilts and stocks fell as oil prices climbed.
Quotes
“escalating clashes between Houthi forces and the Saudi-led coalition around the Bab el-Mandeb strait”
“recent Houthi strikes on key Saudi targets mark a renewed security challenge that is pushing oil prices higher”
“Japanese stocks fell for a second day, tracking a Wall Street selloff as persistently high oil prices revived inflation concerns and weighed on equities near record highs.”