Gulf Stocks Fall After Saudi Strike on UAE-Backed Group

The United Arab Emirates announced the withdrawal of its remaining military forces from Yemen after Saudi Arabia issued a 24-hour ultimatum following airstrikes on the port of Mukalla.Saudi officials claimed the strikes targeted an Emirati weapons shipment destined for the Southern Transitional Council, though Abu Dhabi denied the allegations and insisted the cargo was for its own personnel.Marco Rubio discussed the escalating regional friction with Emirati diplomats as Rachad al-Alimi declared a state of emergency and cancelled a defense pact with the Emirates.