Gulf Bourses Subdued Amid Escalating Saudi-Houthi Hostilities
Major Gulf stock markets traded lower in early trade on Wednesday as fighting intensified between Yemen's Iran-aligned Houthis and Saudi-backed government forces. Saudi-backed Yemeni government forces are reportedly pushing a major offensive to retake ground.
Major Gulf stock markets were subdued in early trade on Wednesday as fighting intensified on several fronts between Yemen's Iran-aligned Houthis and Saudi-backed government forces. Saudi-backed Yemeni government forces are pressing a major offensive to recover territory lost after weeks of Houthi advances.