Updated

Flames and smoke were reported near Riyadh's main airport following Saudi civil-defense alerts, while Pakistan urged Iran to protect regional energy supplies and shipping lanes, underscoring persistent instability across Middle East energy infrastructure. The incidents add to a series of disruptions that have kept traders on edge about the security of oil and fuel supply routes in the region. Separately, market commentary noted that a sudden end to the broader Iran conflict would likely strike a blow against oil prices and energy stocks, yet insiders at several energy companies have continued buying shares, suggesting they see further upside regardless of a resolution. The divergence highlights uncertainty among investors about how geopolitical de-escalation would ultimately affect energy equity valuations.