Saudi Arabia is convening an urgent chiefs of staff meeting with Turkey and Pakistan under the Mecca Joint Defense Agreement to coordinate security support. The regional tension spiked oil prices, with Brent crude rising 3% overnight before settling at $106.60 a barrel on Thursday and later slipping 0.8% to $105.75 on Friday. Macron stated that French forces are intended to shield the energy hub and will not participate in combat or engage in the broader conflict.
