U.S. orders staff to leave Saudi Arabia as Iran war spreads and oil surges above $110

The U.S. ordered non-emergency government staff to leave Saudi Arabia as the Iran war widened and oil surged above $110 per barrel. The development is prompting risk-off flows and higher near-term volatility, boosting energy and commodity prices, creating upside pressure on inflation and energy-sector earnings while weighing on broader risk assets and supply-sensitive industries.

Analysis

The U.S. ordered non-emergency government staff to leave Saudi Arabia as the Iran war widened and oil surged above $110 per barrel. The development is prompting risk-off flows and higher near-term volatility, boosting energy and commodity prices, creating upside pressure on inflation and energy-sector earnings while weighing on broader risk assets and supply-sensitive industries.