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Gulf markets up amid Iran peace talks
Stock markets in the Gulf region rose today, Sunday, despite ongoing tensions and lack of progress in negotiations to end the war in Iran, coupled with uncertainty over the resumption of oil tanker traffic through the Strait of Hormuz. The Saudi market saw a 0.9% increase, supported by gains in the shares of Al Rajhi Bank and Aramco, while stocks in Qatar and Oman also rose. The Kuwait Index remained steady. On the oil front, Brent crude futures climbed to $88.52 per barrel. Meanwhile, global stock markets performed poorly, with mixed trends varying across different countries.
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