Saudi airport attacks trigger oil price volatility

Oil prices retreated after an initial spike triggered by attacks on Saudi Arabian airports and oil tankers. Brent crude fell to $103.50 per barrel from a high of $105.48, while West Texas Intermediate dropped to $90.73 from $92.44.

Houthi forces claimed responsibility for an attack on Riyadh International Airport that killed 13 people and injured over 300. A subsequent attack on a terminal resulted in one death and 11 injuries. Dammam airport also reported an attack. In response, President Donald Trump stated the United States is considering strikes against the group.

In corporate news, Nvidia is reportedly considering an acquisition or further investment in the artificial intelligence startup Reflection AI. Reflection AI recently released Beam, an open-weight model for coding and agent tasks.