Commodities
Gulf Markets Reel as Houthi Attacks Hit Saudi Oil Sites
Most Gulf stock markets closed lower on Sunday after Yemen's Iran-aligned Houthi group attacked Saudi oil installations at two Red Sea ports. The attacks marked a new front in the ongoing conflict between Saudi-backed forces and the Houthis.
The US ambassador to the United Nations, Kelly Craft, told Fox News that President Donald Trump was giving Iran talks 'some space', suggesting a potential pause in US strikes against the country.
Saudi Arabia's benchmark index fell 0.3%, with oil major Saudi Aramco declining by 0.9%. Banque Saudi Fransi slid 4% after trading ex-dividend, while Qatar Islamic Bank lost 0.8% in Qatar.