Houthi Attacks Hit Riyadh, Abha Airports, Killing Three; Tanker Attack Pushes Oil Higher

• Houthi attacks in Saudi Arabia and a tanker attack in the Persian Gulf are driving oil prices higher, with Brent crude above $102.
• Asian stocks are falling for a second day amidst inflation jitters, with Samsung's record profit failing to impress investors due to missed estimates.
• Iraq devalued its currency by 13% as Strait of Hormuz disruptions impact oil exports, while the EU is considering import caps on Chinese hybrid cars.
• US Treasury yields are rising, reflecting hawkish central bank sentiment, and concerns about AI credit risk are increasing despite strong demand for memory chips.

Global financial markets are facing significant headwinds due to escalating geopolitical tensions in the Middle East, rising oil prices, and renewed inflation concerns. Asian stocks are experiencing a second day of declines, while US Treasury yields are climbing. Discussions also cover Iraq's currency devaluation, EU-China trade disputes, and mixed signals from the AI sector's credit risk and IPO activity.