Commodities
Iran Conflict Escalates, Stocks Fall Amid Houthi Attacks
The ongoing conflict between Iran and regional states has taken a toll on stock markets in Saudi Arabia and the Gulf. The Houthis claimed responsibility for attacks on Riyadh, causing stocks to fall.
Iran's parliament speaker, Ghalibaf, stated that the Strait of Hormuz will remain closed until Iran's conditions are met. This comes as oil shipments through the strait have reached a six-month high, according to the US commander.
The US has issued a Middle East travel warning amid escalating tensions between Saudi Arabia and the Houthis. Trump cut his trip short after Houthi strikes on Saudi Arabia.