21 Hrs
Source:
البلاد
Gulf stocks steady ahead of Strait deal
The article concerns proposed discussions between Oman, the United States, and Iran regarding the reopening of the Strait of Hormuz, which Iran closed after February attacks, aiming to restore oil shipping traffic through the strait. Reports indicate that an agreement is nearing its final stages, with expectations of a near-term breakthrough; however, Iran has set additional conditions before agreeing to reopen. The Gulf markets show limited variation amid investor anticipation of the results, with some markets such as Saudi Arabia and Kuwait rising, while Bahrain experienced a decline.
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