Market sources say SoftBank is reconsidering its US NeoCloud business and may shift its NeoCloud operations to other regions.

Houthi rebels struck a landmark building in the Riyadh Financial District (KAFD), disrupting Riyadh’s plan to return to normal roughly a month after a deadly strike on Riyadh airport that halted travel and forced event cancellations. KAFD houses the Public Investment Fund (PIF), the Saudi stock exchange and global consultancies and asset managers including Goldman Sachs and Brookfield, raising confidence risks for international firms already hit by months of regional conflict. The attack occurred during a remote-working period, limiting immediate operational impact. The escalation could further increase political pressure on Crown Prince Mohammed bin Salman as he seeks to advance a multi-trillion-dollar economic diversification program. Saudi authorities have delayed or cancelled major events in the past month, including the AFC Asian Cup and the Future Investment Initiative, which had been expected to support the economy and attract foreign investment.

Iran provincial officials told the Fars news agency a US overnight strike on Qeshm Island did not affect critical infrastructure or services.