Saudi and Gulf markets dip after Houthis claim attacks on Riyadh
Saudi Arabia's stock exchange opened lower following Houthi claims of missile and drone strikes on sensitive sites in Riyadh, prompting a broader sell-off across Gulf markets.
Saudi Arabia's stock market opened lower on Sunday after Yemen's Houthis said they hit "sensitive" targets in Riyadh with missiles and drones, a development that weighed on Gulf bourses.
Witnesses reported flames and thick smoke near the capital's main airport after authorities issued alerts about possible danger in the area.
The incident is viewed as an extension of the wider regional conflict that intensified after U.S. and Israeli strikes on Iran in February.
U.S. President Donald Trump has reportedly declined Saudi requests for direct American military involvement against the Houthis.
Separately, Chinese officials have privately urged Tehran to help restrain the Iran-aligned Houthis, following a Saudi request for Beijing’s assistance, according to Iranian sources.