Persian Gulf states call off meeting with Iran as Houthis launch new attack on Saudi Arabia

The Persian Gulf states unexpectedly canceled a meeting with Iran amid escalating tensions as Yemen's Houthis launched another attack on Saudi Arabia. This conflict, which has now expanded the Middle East war to a new front, threatens to further disrupt global oil supplies, heightening international concerns about regional stability and economic impact. The abrupt cancellation underscores the heightened tensions and the unpredictable nature of the ongoing war, which could have far-reaching consequences for global markets.