Gulf Markets Fall Amid Strait Concerns

Most Gulf stock exchanges declined due to investors' concerns over Iran's continued closure of the Strait of Hormuz, according to reports emphasizing the need for Iran to abide by the ceasefire in Lebanon and facilitate oil exports to reopen the strait. At the same time, negotiations are taking place in Switzerland between American and Iranian negotiators in an attempt to ease tensions, amid American skepticism regarding Iran's statements about closing the strait.

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