EconomyGulf stocks rise as hopes for Iran war de-escalation eclipse Saudi oil-site attacks
Gulf equities moved higher in early Monday trading as investors grew more hopeful that the U.S.-Iran war could find a diplomatic way toward de-escalation. That expectation strengthened risk appetite across regional markets. Traders largely looked past fresh Houthi attacks on Saudi oil facilities, allowing the prospect of talks to dominate sentiment. The market reaction reflects optimism about a diplomatic off-ramp despite the renewed strikes.
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Gulf stocks rise as hopes for Iran war de-escalation eclipse Saudi oil-site attacks
Economy