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Saudi, Gulf stocks fall after Houthis claim Riyadh attacks
Reuters • • general
Key Points:
- Saudi Arabia's stock market opened lower following Houthi missile and drone strikes on "sensitive" targets in Riyadh, with negative sentiment affecting Gulf stock markets.
- Authorities issued alerts and flames with thick smoke were observed near Riyadh's main airport, indicating heightened security concerns.
- The Houthi attacks are part of the ongoing broader conflict linked to US and Israeli strikes on Iran earlier in the year.
- Despite Saudi requests, the US, under President Trump, has reportedly declined direct military intervention against the Houthis.
- China has privately urged Iran to help control the Iran-aligned Houthis, responding to Saudi appeals, according to Iranian sources.
