Market sources: Saudi cabinet approved the delineation of zones in which foreign nationals may purchase real estate.

Switzerland's foreign ministry said it will continue to mediate, supporting dialogue and de-escalation to preserve regional stability and peace.

Semiconductor stocks fell sharply: Marvell (MRVL.O) down 9.2%, Qualcomm (QCOM.O) down 6.9%, Arm (ARM.O) down 8.5%, Microchip Technology (MCHP.O) down 5.4%, Applied Materials (AMAT.O) down 9.7%, NVIDIA (NVDA.O) down 3.7%, AMD (AMD.O) down 7.5%, Broadcom (AVGO.O) down 2.8% and Intel (INTC.O) down 9%. Sector ETFs also plunged: iShares Semiconductor ETF down 6.9%, VanEck Semiconductor ETF down 6.2% and Roundhill Memory ETF down 13.5%.