Airports across Saudi Arabia and other Gulf states experienced significant disruptions, with over 1,500 flight delays and 487 cancellations reported. The travel chaos affected major hubs in Kuwait, Abu Dhabi, and Saudi Arabia, impacting hundreds of passengers. The disruption, which spread across 21 airports, was linked to ongoing regional tensions and operational challenges.
Saudi Arabia’s state-owned oil company, Saudi Aramco, saw a 2.1% rise in its stock price, contributing to a 0.8% gain in the country’s benchmark index. Higher oil prices, which reached their highest level since May 19, supported market activity. Brent crude futures climbed $3.94, or 3.7%, to $109.86.
Meanwhile, geopolitical tensions continued to affect regional markets. Egypt’s stock market fell as it became more entangled in Middle East instability. Qatar’s market hit a six-year low, while Saudi Arabia’s financial performance remained relatively stable.
The travel disruptions and market fluctuations highlight the interconnectedness of regional politics and economic stability. As tensions persist, the impact on both travel and trade remains a key concern for Gulf nations.
