Aramco HQ Hit: Houthi Attack Escalates Iran Tensions; Trump Weighs In

Saudi Aramco's headquarters in Dhahran was hit in a Houthi attack, sparking a fire and marking a major escalation against Saudi energy infrastructure. Iran is also intensifying attacks on shipping in the Strait of Hormuz, adding further pressure to regional trade and energy routes. The attacks raise concerns about the security of global oil supplies and could lead to higher energy prices. Donald Trump says the Houthis are trying to push oil prices higher at Iran's behest and says he is considering joining the Saudi-led campaign. His comments underscore the geopolitical dimensions of the conflict and the potential for greater US involvement. Asian stocks rose ahead of US inflation data, while Fed official John Williams indicated that he sees no need for a rate hike in 2027. The mixed signals from economic data and geopolitical events are keeping investors on edge, with markets reacting to each new development.