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Most Gulf markets fall as regional risks escalate; Saudi flat on supply-reassurance reports
BENGALURU: Most Gulf markets fell on Wednesday as escalating regional risks kept investors cautious, while Saudi Arabia’s bourse was flat as reports of additional crude cargoes via Oman eased fears of wider Middle East supply disruptions. Saudi warplanes struck Yemen, while Houthis launched drones and missiles at Saudi cities, the Iran-backed group said on Wednesday, following a swift advance that has expanded Tehran’s influence in the wider Middle East conflict. Riyadh said it downed a Houthi drone south of Mecca before it entered restricted airspace, calling the incident a “red line.” The Ho...
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