Saudi, Gulf stocks fall after Houthis claim Riyadh attacks - Reuters

Saudi and Gulf stocks declined following claims by Houthi rebels regarding attacks on Riyadh. Saudi Arabia confirmed that Yemen's Houthi rebels attempted to target its capital using a ballistic missile. This event represents the first targeting of Riyadh since the escalation in fighting with the Tehran-backed rebels, which has opened a new front in the Iran war. The market reaction reflects the immediate impact of these security developments within the Middle East region.