Houthi strikes on Riyadh lift oil prices and weigh on Gulf stock markets

Houthi missile and drone strikes on the Saudi capital Riyadh pushed oil prices higher and Gulf bourses lower on Sunday and Monday.

• Houthi forces launched missiles and drones targeting sites in the Saudi capital Riyadh on Saturday.
• Brent crude rose 0.78% to $104.68, and US West Texas Intermediate gained 0.76% to $101.06 on Monday.
• Gulf bourses closed lower on Sunday, with Saudi Arabia down 0.26%, Qatar down 1.12%, and Kuwait down 0.67%.
• Three Iranian sources said Beijing has privately urged Tehran to help rein in the Iran-aligned Houthis.