Gulf stocks drop after Houthi missile strikes
Gulf stock markets were affected by escalating tensions with the Houthis in Yemen, as ongoing threats and attacks on vital facilities—especially in Saudi Arabia—led to declines in stock prices and the postponement of a scheduled Gulf-European summit. The recent attack on Aramco facilities and the risks of shipping disruptions in the Strait of Hormuz resulted in a drop in oil prices and losses in regional markets, with financial sentiment remaining fragile due to concerns over continued escalation and its implications for the region's economic stability.
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