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Most Gulf stock markets closed higher today, supported by improved sentiment following a decrease in tensions between the United States and Iran. Tehran announced it would halt its attacks if Washington did not respond with new strikes, which boosted hopes for de-escalation. The decline in oil prices led to lowered expectations for US interest rate hikes, impacting the Gulf markets, although investors continue to monitor the risks of ongoing tensions and their potential effect on energy supplies. Overall, market indices showed gains as fears of war diminished, but risks remain due to ongoing geopolitical tensions.
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