While the S&P 500 dropped 1.1 percent, the Dow Jones Industrial Average slid 150 points, or 0.5 percent and the technology-focused Nasdaq Composite was down by 1.7 percent.
While Iran has been expanding influence in the region in the last two decades, Saudi Arabia has made leaps and bounds in terms of military prowess in recent years.
As per projections, Netanyahu's bloc will win 62 seats in the Knesset, while Prime Minister Yair Lapid's Yesh Atid party and its coalition partners could get between 50 and 53 seats.
Ukraine, meanwhile, claimed that Russia was responsible for the attack, and that Moscow might have used this as a pretext to withdraw from the UN-brokered grain export deal.