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بوابة الوسط
Most Gulf Stock Markets Decline Amid Iran-U.S. Tensions
Most Gulf stock markets declined due to the escalation between Iran and the United States, as American and Iranian forces exchanged strikes with missiles and drones. Iran also closed the Strait of Hormuz and targeted American facilities in the region. Data showed that the Saudi market slightly increased by 0.1%, with Aramco's shares rising by 0.2%. Meanwhile, Qatar experienced modest gains, while Kuwait and Egypt saw declines. It was also announced that Iran closed the Strait after issuing warnings to ships, and Saudi Arabia is considering expanding its oil pipeline capacity to reduce reliance on the strait for transportation.
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