10AM Hour: Middle East Attacks Rattle Energy Markets, Social Security Commissioner, iPhone Demand Slowdown? 10/12/26

Oil futures understate real energy costs amid Mideast attacks, while Morgan Stanley flags iPhone 18 demand risk below Street estimates.

• Saudi attack raises risk premium: A Houthi strike killed 12 and injured 309 at Riyadh's King Khalid airport (terminals 3-4 closed until Oct 17), yet futures oil barely moved even as Brian Sullivan noted actual landed shipping costs have surged to roughly $128/barrel versus $7-10 million pre-war tanker charter rates.
• Russia-Ukraine energy ceasefire shaky: Trump's announced ceasefire and OFAC sanctions relief (300K metric tons of Russian diesel now, 500K in November, 1M by year-end) covers only ~3 hours of global diesel demand; Zelensky says he's awaiting more details.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.