Saudi Arabia Airport Attack Kills 12 and Wounds Over 300

An attack struck Saudi Arabia's main airport on Saturday, killing 12 people and wounding more than 300 others, Bloomberg reported via the wire. The incident piles immediate operational and geopolitical pressure on the Middle East's largest economy, renewing vulnerability across critical regional transport and transit lanes. Energy markets had already settled into the weekend facing acute sensitivity. MarketPulse and Commonwealth Bank of Australia reported that Brent crude was trading near $100.58 per barrel after swinging between $97.00 and intra-month highs near $110.00, while West Texas Intermediate hovered around $91.44 per barrel. Sustained crude prices near triple digits continue to fuel broader inflation concerns, with the New York Fed's consumer survey indicating one-year inflation expectations recently pushed to 3.9%. The geopolitical disruption arrives alongside domestic fiscal friction in the United States. Fox Business and the Congressional Budget Office reported that the federal government recorded a deficit of roughly $1.993 trillion for fiscal year 2026, widening by $218 billion year-over-year as outlays reached $7.396 trillion. That persistent supply of debt has kept the benchmark 10-year Treasury yield pinned between 5.26% and 5.30%, tightening private financial conditions. Despite the macro headwinds, equity index books ended their last session split across critical gamma thresholds. SPY stood at 778.6 in long gamma, cushioned above its 776.18 flip with a 770 put wall and a 780 call wall beneath an expected move of plus or minus 0.35%. In contrast, QQQ finished at 751.37, positioned in short gamma beneath its 752.1 flip. That leaves tech dealers structured to press directional velocity rather than cushion it, with the index trapped tightly between a 750 put wall and a 755 call wall against an expected move of plus or minus 0.56%. In digital assets, Bitcoin held flat at 82,947, preserving positive dealer inventory well above its 82,019.77 flip. Whether crude gaps higher on Sunday evening will determine if equity dealer shock absorbers hold.