{"id":72784,"date":"2026-10-09T05:38:15","date_gmt":"2026-10-09T09:38:15","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-rebound-as-oil-prices-ease-deadly-attacks-hit-riyadh-airport\/72784\/"},"modified":"2026-10-09T05:38:15","modified_gmt":"2026-10-09T09:38:15","slug":"global-markets-rebound-as-oil-prices-ease-deadly-attacks-hit-riyadh-airport","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/global-markets-rebound-as-oil-prices-ease-deadly-attacks-hit-riyadh-airport\/72784\/","title":{"rendered":"Global Markets Rebound as Oil Prices Ease; Deadly Attacks Hit Riyadh Airport"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>Global markets staged a recovery<\/strong> on Friday as <strong>Brent crude fell below $103 a barrel<\/strong> and <strong>OpenAI&#39;s<\/strong> optimistic revenue outlook of <strong>$70 billion<\/strong> eased concerns over the AI investment boom.<\/li>\n<li><strong>Three Saudi nationals were killed<\/strong> in a major Houthi-claimed attack on <strong>Riyadh\u2019s King Khalid International Airport<\/strong>, damaging a <strong>Saudia Airlines<\/strong> aircraft and temporarily disrupting operations.<\/li>\n<li><strong>Hurricane Isaias has strengthened to 110 mph<\/strong>, nearing Category 3 status as it moves toward a projected landfall along the <strong>U.S. Gulf Coast<\/strong> late Friday or early Saturday.<\/li>\n<li><strong>Australian wheat exports are projected to surge 47%<\/strong> above the five-year average in October, reaching <strong>2.6 million tonnes<\/strong> as Black Sea supply chains remain crippled by the Russia-Ukraine conflict.<\/li>\n<li><strong>Italy&#39;s industrial production plunged 1.3% in August<\/strong>, significantly missing analyst expectations of 0.0% and highlighting continued cyclical weakness in the Eurozone&#39;s third-largest economy.<\/li>\n<\/ul>\n<h2>Market Sentiment Lifts on Easing Energy and AI Fears<\/h2>\n<p>U.S. stock futures and European equities climbed on Friday morning as investors reacted to a cooling in geopolitical and technological anxieties. <strong><a href=\"https:\/\/stockmarketwatch.com\/indices\/sp500\/today\" data-internallinksmanager029f6b8e52c=\"3\" title=\"snp500 today\">S&amp;P 500<\/a> futures<\/strong> rose 0.3%, while <strong>Nasdaq 100<\/strong> contracts gained 0.8%, buoyed by reports that <strong>OpenAI<\/strong> (backed by <a href=\"https:\/\/stockmarketwatch.com\/stock\/MSFT\" data-internallinksmanager029f6b8e52c=\"18\" title=\"Stock: MSFT\">Microsoft<\/a> (<a href=\"\/stock\/MSFT\">MSFT<\/a>)) expects to reach or exceed <strong>$70 billion in annualized revenue<\/strong> by year-end. This news provided a much-needed boost to the semiconductor sector, including <a href=\"https:\/\/stockmarketwatch.com\/stock\/NVDA\" data-internallinksmanager029f6b8e52c=\"15\" title=\"stock: NVDA\">Nvidia<\/a> (<a href=\"\/stock\/NVDA\">NVDA<\/a>), following a week of volatility regarding the returns on artificial intelligence infrastructure spending.<\/p>\n<p><a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">Oil prices<\/a> provided further relief to risk assets, with <strong>Brent crude<\/strong> slipping to approximately <strong>$102.90 a barrel<\/strong>. The decline followed comments from <strong>President Donald Trump<\/strong> indicating that the U.S. would not seek a military strike on Iran prior to the November elections, citing &quot;productive discussions&quot; with Tehran. Despite the daily pullback, energy prices remain historically elevated due to persistent threats to shipping routes in the <strong>Bab el-Mandeb<\/strong> and the <strong>Strait of Hormuz<\/strong>.<\/p>\n<h2>Deadly Houthi Strike Targets Riyadh Aviation<\/h2>\n<p>Regional tensions escalated sharply as <strong>Houthi rebels<\/strong> launched a two-stage attack on <strong>King Khalid International Airport<\/strong> in Riyadh. Saudi authorities confirmed that <strong>three Saudi citizens<\/strong>, including a pilot for the national carrier <strong>Saudia Airlines<\/strong>, were killed in the strikes. One attack targeted airport facilities while a second hit a parked aircraft; fortunately, no passengers were on board the plane at the time.<\/p>\n<p>The <strong>Saudi Civil Aviation Authority<\/strong> reported that operations at the airport resumed Thursday evening, with air traffic returning to normal. However, the incident marks the deadliest attack on Saudi soil since a major military offensive was launched in Yemen last weekend. The escalation has led several international airlines to reconsider or temporarily suspend flights to the Saudi capital.<\/p>\n<h2>Hurricane Isaias Threatens U.S. Gulf Coast<\/h2>\n<p>The <strong>National Hurricane Center (NHC)<\/strong> has issued urgent warnings as <strong>Hurricane Isaias<\/strong> intensified overnight, reaching maximum sustained winds of <strong>110 mph<\/strong>. The storm is currently positioned in the Gulf of Mexico and is expected to become a <strong>major hurricane<\/strong> (Category 3) before making landfall. A <strong>Hurricane Warning<\/strong> is in effect from Ocean Springs, Mississippi, to the Bay\/Gulf County Line in Florida.<\/p>\n<p>Forecasters warn of life-threatening <strong>storm surges of up to 7 feet<\/strong> in some areas and significant inland flooding. Residents in the warning zones have been urged to complete emergency preparations immediately as weather conditions are expected to deteriorate rapidly throughout Friday.<\/p>\n<h2>Global Supply Shifts: Australian Wheat and Italian Industry<\/h2>\n<p>In agricultural commodities, <strong>Australia<\/strong> is filling the void left by ongoing disruptions in the Black Sea. October grain exports are on track to be the busiest in 16 years, with <strong>wheat<\/strong> accounting for two-thirds of the <strong>2.6 million tonnes<\/strong> scheduled for shipment. Rising demand from Indonesia, the Philippines, and China is cementing Australia&#39;s role as a primary global supplier while Russia and Ukraine continue to target each other&#39;s port infrastructure.<\/p>\n<p>Conversely, Europe\u2019s economic outlook remains clouded by weak data from <strong>Italy<\/strong>. The <strong>1.3% drop in industrial production<\/strong> for August was the largest monthly decline in a year, driven by a slump in the production of consumer and capital goods. The data reinforces concerns that the Italian economy may struggle to meet the government&#39;s <strong>1% GDP growth target<\/strong> for 2026.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Global markets staged a recovery on Friday as Brent crude fell below $103 a barrel and OpenAI&#39;s optimistic 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