Gulf Markets Diverge Amid Escalating US-Iranian Confrontation

Tensions between the United States and Iran have escalated following their exchange of missile and drone strikes, amid the continued closure of the Strait of Hormuz and the targeting of American facilities in the Gulf. Amid these developments, Gulf stock markets experienced slight gains, with the Saudi market index rising by 0.1%, supported by a 0.2% increase in Aramco's share. The Qatar Stock Exchange also increased by 0.1%, boosted by Industries Qatar. Additionally, the Qatar Stock Exchange temporarily closed in mourning over the passing of the Emir Father, Sheikh Hamad bin Khalifa Al Thani.

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