GULF LEADERS MEET IN JEDDAH TO DISCUSS IRAN WAR - WSJ.

Gulf leaders convened in Jeddah to coordinate a unified response to escalating tensions with Iran, according to a WSJ report. The meeting reflects heightened regional risk appetite and potential for supply disruption in the Strait of Hormuz, a critical chokepoint for global oil shipments. Energy markets, particularly crude oil futures and shipping insurance rates, are most exposed due to reliance on uninterrupted flow through the Persian Gulf. Geopolitical risk premia may also widen in Gulf-based equity markets and sovereign debt, especially for countries directly involved in the talks. Traders will watch for any official statements on military posturing or diplomatic initiatives emerging from the summit as a near-term catalyst.

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