Tensions escalate in the Middle East and Ukraine wars

Key Points:

• U.S. President Donald Trump is considering supporting Saudi Arabia's retaliation against Iran-backed Houthi attacks on Riyadh's main airport, potentially deepening U.S. involvement in the Middle East conflict.
• The ongoing Middle East tensions coincide with Russia conveying Tehran's message for a possible end to the war in Iran, adding complexity to regional peace efforts.
• In Europe, the Ukraine conflict remains volatile, with Trump announcing an "energy ceasefire" between Russia and Ukraine, though its acceptance by either side is unclear, and Ukrainian President Zelenskyy rejecting calls for new leadership.
• U.S. financial markets are steady ahead of a busy earnings week featuring major banks like Bank of America, Citigroup, and Goldman Sachs, while Nasdaq futures show slight gains.
• The International Monetary Fund and World Bank have commenced their annual meetings in Bangkok, where key economic reports and discussions, including a Federal Reserve Chair conversation, are expected to influence the global financial outlook.