Gulf stock exchanges fell sharply as a Houthi attack and reduced shipping through the Strait of Hormuz fueled regional risk aversion and energy market volatility.
Gulf bourses dropped sharply on the back of a Houthi attack and a significant slump in shipping through the Strait of Hormuz, according to Reuters.
The disruptions in the Strait of Hormuz directly threaten global oil transit routes, driving energy price volatility and regional risk aversion.
Further verified details on market movements and their broader implications were not immediately available.
Sophie covers currency markets and central bank policy across Europe, with a focus on how rate decisions ripple through FX pairs. She has been tracking the ECB's policy path since the start of the current easing cycle.
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