Gulf Equities Slide As Saudi Launches Airstrikes On Yemen

DUBAI, United Arab Emirates (AP) — Stock markets across the Gulf Arab region and other parts of the Middle East have closed slightly lower, an expected tumble that began as markets opened after Saudi Arabia launched airstrikes overnight on neighboring Yemen. Oil prices rose on the backs of jitters over the escalation in Yemen with Brent crude up $2.34 at $58.81.

 

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