Gulf bourses rise as Brent crude falls on US-Iran deal uncertainty
Updated
Updated · Reuters · May 3
Gulf bourses rise as Brent crude falls on US-Iran deal uncertainty
13 articles · Updated · Reuters · May 3
Saudi Arabia's index added 0.1%, Qatar's 0.4% and Egypt's 1.1%, while July Brent settled at $108.17, down 2.02%.
Stocks were supported by gains in Saudi Arabian Mining and Qatar National Bank, though Saudi Aramco fell 0.9%, limiting Riyadh's advance.
Sentiment was restrained after Trump said he awaited final text and warned strikes could resume, while Tehran proposed reopening Strait of Hormuz shipping and lifting the US blockade before later nuclear talks.
With the Strait of Hormuz nearly closed and oil prices volatile, how might a prolonged blockade reshape global markets and energy security?
After repeated military strikes, is Iran now more likely to pursue nuclear weapons, and what diplomatic options remain to prevent further escalation?
As fertilizer and energy costs soar, what risks do current disruptions pose to global food security and inflation in the coming months?