Gulf markets rise as investors assess Iran war, shipping risks
Most Gulf markets ended higher on Wednesday, as investors weighed hopes for a pause in the US-Israeli war on Iran against anxiety about shipping risks in the Strait of Hormuz. Investors were assessing signs of de-escalation against shipping risks, but recent strikes on tankersin the Strait and on regional energy infrastructure suggested risks of renewed escalation remained. Saudi Arabia’s…
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Gulf markets rise as investors assess Iran war, shipping risks (opens Business Recorder in a new tab)
Most Gulf markets ended higher on Wednesday, as investors weighed hopes for a pause in the US-Israeli war on Iran against anxiety about shipping risks in the Strait of Hormuz. Investors were assessing signs of de-escalation against shipping risks, but recent…
