Saudi, Gulf stocks fall after Houthis claim Riyadh attacks
Saudi Arabia and Gulf stocks declined after Yemen's Iran-backed Houthi rebels claimed attacks on Riyadh and Aramco facilities. The Houthis said they targeted a sensitive site in Riyadh and Aramco facilities in Yanbu. Saudi Arabia intercepted six ballistic missiles aimed at Taif and Yanbu. Oil prices jumped after the attacks, with Brent crude topping $106 a barrel.
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- ✓ Iran's president proposed a 7-day plan to reopen the Strait of Hormuz.
- ✓ US President Donald Trump rejected Iran's 7-day plan to reopen the Strait of Hormuz.
- ✓ Saudi Arabia intercepted six ballistic missiles fired by Yemen's Iran-backed Houthis.
- ✓ The Houthis claimed attacks on a sensitive target in Riyadh and on Saudi Aramco facilities in Yanbu.
What changed
Iran's President proposed a 7-day plan to reopen the Strait of Hormuz, which was rejected by US President Donald Trump.
Live updates
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Saudi, Gulf stocks fall after Houthis claim Riyadh attacks
Saudi Arabia and Gulf stocks declined after Yemen's Iran-backed Houthi rebels claimed attacks on Riyadh and Aramco facilities. The Houthis said they targeted a sensitive site in Riyadh and Aramco facilities in Yanbu. Saudi Arabia intercepted six ballistic missiles aimed at Taif and Yanbu. Oil prices jumped after the attacks, with Brent crude topping $106 a barrel.
Why it matters
The attacks have heightened tensions in the region and raised concerns about the security of oil supplies. The Houthi rebels have been pushing into strategic mountain positions in Yemen to protect Red Sea gains and weaken the Saudi-supported government. The escalation comes as hopes for an early Iranian peace deal fade.
What is confirmed
- Iran's president proposed a 7-day plan to reopen the Strait of Hormuz.
- US President Donald Trump rejected Iran's 7-day plan to reopen the Strait of Hormuz.
- Saudi Arabia intercepted six ballistic missiles fired by Yemen's Iran-backed Houthis.
- The Houthis claimed attacks on a sensitive target in Riyadh and on Saudi Aramco facilities in Yanbu.
- Oil prices jumped after the attacks, with Brent crude topping $106 a barrel.
Still unconfirmed
- Trump expects to resume bombing Iran after November midterms.
What to watch next
- Iran's response to Trump's rejection of the Hormuz plan
- Further escalation of attacks by Houthi rebels
- US midterm elections in November
confidence 85%Sources used for this update (21)
- www.yahoo.com — Iran proposes a 7-day plan to reopen the Strait of Hormuz
- www.al-monitor.com — Saudi Arabia says it intercepted Houthi missiles; group claims strikes on Riyadh, Aramco
- gulfnews.com — US-Iran war: Tehran awaits response as Trump rejects Hormuz plan; Saudi Arabia condemns Iran and Houthis
- jen.jiji.com — Amanda Knox, Meredith's memory: "It was a real nightmare. I continue to seek justice"
- countercurrents.org — At the mouth of the Red Sea, the chokepoint where global crises converge | Countercurrents
- jen.jiji.com — October 2026 strikes, opening and closing with two 'general' ones: from school to transport, all dates
- houseofsaud.com — Trump Rejected the Plan — Riyadh Received the Schedule - House of Saud
- www.aljazeera.com — Oil prices jump after Yemen’s Houthis claim attacks on Saudi facilities | Oil and Gas News
- gtvnewshd.com — Iran Warns Enemies: “Surprises” Are Ready as New Military Technology Awaits
- transcripts.cnn.com — Tens of Thousands Lose Power as Nor'easter Hits U.S. East Coast; Hurricane Nolo Strengthens as It Nears B....
- mepei.com — The Houthis’ Advance to Bab al-Mandab: Iranian Checkmate to Saudi Arabia?
- saudipress.com — Aramco Oil Facility Attacked By Houthis In Southern Saudi ...
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Houthi forces expand Yemen offensive as Saudi Arabia maintains calm
Iran-backed Houthi forces are pushing into strategic mountain positions in Yemen to protect Red Sea gains and weaken the Saudi-supported government. This escalation follows reports that President Donald Trump halted U.S. airstrikes. While Saudi Arabia projects calm, it currently lacks allies. Market volatility continues as hopes for an early Iranian peace deal fade, contributing to a jump in mortgage rates. Meanwhile, Acwa Power's affiliate started initial commercial operations at the Taiba 1 combined-cycle power plant in Madinah on Thursday.
Why it matters
The conflict involves a struggle for control over Yemen's strategic geography and Red Sea access. Saudi Arabia seeks to maintain regional stability and protect its infrastructure from Houthi strikes. Diplomatic efforts involving the U.S. and Iran remain a critical factor for global energy markets.
What is confirmed
- Sidra One for Electricity Co. secured an initial commercial operation certificate for the first units of the Taiba 1 combined-cycle power plant in Madinah.
Still unconfirmed
- Saudi Arabia is finding few allies as Houthi attacks increase.
What to watch next
- Confirmation of U.S. airstrike status in Yemen
- Results of any meeting between President Trump and President Pezeshkian at the UN General Assembly
- Further movement of Houthi forces into Yemeni mountain regions
confidence 70%Sources used for this update (7)
- www.worthynews.com — Houthis Press Offensive in Yemen After Trump Reportedly Halts U.S. Airstrikes
- www.mortgageresearch.com — Mortgage Rates Today, September 24, 2026: Rates Jump as Oil Prices Rise
- www.nbcnews.com — As Houthis ramp up attacks, Saudi Arabia projects calm but finds few allies
- www.marketscreener.com — Acwa Power's Taiba 1 Plant Starts Initial Commercial Operations in Saudi Arabia
- www.marketscreener.com — Acwa Power Affiliate to Start Initial Commercial Operation of Power Plant in Saudi Arabia
- tass.com — Macron admits Ukrainian attacks on Russian oil refineries worsen fuel situation in Europe
- tass.com — Trump says talks with Xi went very well
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Gulf Stocks Drop as Houthis Claim Riyadh Attacks
Saudi and Gulf stocks fell following Houthi claims of attacks on Riyadh. Despite these strikes and the Houthi seizure of southern Red Sea islands, oil prices have declined for four consecutive sessions. West Texas Intermediate crude fell below $100 to approximately $93.60 per barrel. Market analysts attribute this price drop to hopes for Saudi supply and potential diplomatic breakthroughs, including a possible meeting between US President Donald Trump and Iranian President Masoud Pezeshkian at the UN General Assembly.
Why it matters
The conflict between Saudi Arabia and the Houthis has expanded from a Yemeni rebellion into a regional rivalry involving Iran and the US. Control over shipping routes like the Bab al-Mandeb and the Strait of Hormuz remains critical for global energy stability.
What is confirmed
- Oil prices have fallen for four consecutive sessions.
- West Texas Intermediate crude futures dropped below $100 to around $93.60 per barrel.
- Houthi rebels have seized key islands in the southern Red Sea.
- Turkish Airlines suspended all flights to Iran until at least March 2027.
Still unconfirmed
- Saudi Arabia informed European refiners they will receive no crude next month.
What to watch next
- Results of the UN General Assembly meetings between President Trump and Persian Gulf leaders.
- Confirmation of a meeting between Donald Trump and Iranian President Masoud Pezeshkian.
- Verification of Houthi attacks in Riyadh.
confidence 85%Sources used for this update (16)
- AP News — Yemen's Houthi rebels seize more key islands in southern Red Sea, tighten grip on shipping routes
- The New York Times — Saudi Arabia Faces ‘Worst-Case Scenario’ After Being Rebuffed by Trump
- CBS News — How Iran's regional allies' attacks in Yemen are compounding the war's impact on oil prices
- WSJ — Saudi Arabia Has Another Option to Get Its Oil Out
- Al Jazeera — ‘They called us’: Has Trump abandoned Bab al-Mandeb to the Houthis?
- CNBC — Oil prices fall as Saudi supply hopes outweigh fresh Houthi strikes
- WSJ — Oil Prices Fall for Third Day as WTI Slips Below $100
- Bloomberg.com — Saudis Tell European Refiners They’ll Get No Crude Next Month
- The Times of Israel — Houthis eye Yemen’s oil-rich east after seizing Red Sea coast
- Reuters — Saudi, Gulf stocks fall after Houthis claim Riyadh attacks
- www.atalayar.com — Gustavo de Arístegui: Geopolitical Analysis for 21 September
- www.iranintl.com — Turkish Airlines says all Iran flights suspended until March 2027
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