Gulf Markets Gain on US-Iran Talks
The article discusses the rise of Gulf stock exchanges on Monday, supported by expectations of resuming US-Iran negotiations and easing regional tensions. Reuters reported that a senior Iranian official proposed a 10-day ceasefire to de-escalate, aiming to restore the provisional agreement. Meanwhile, the Houthi group imposed a naval blockade targeting ships heading to Saudi Arabia, and Kuwait and Bahrain announced new Iranian attacks, with warnings of potential target sites inside Bahrain. In the stock market, the Saudi index rose by 0.2%, while Dubai's DFM declined by 0.3%. Qatar's index increased by 1.3%, as investors closely monitored geopolitical developments and their impact on oil markets and regional economies.
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