Gulf Markets Decline Amid Fears of Wider Iran Conflict

Most Gulf stock markets declined on Sunday as fears grew over a widening conflict involving Iran, negatively impacting investor sentiment across the region. The downturn followed escalating tensions, including attacks by the Houthis and increased US military presence in the Middle East.

Regional indices recorded mixed losses, with Qatar’s index falling by 1.1%, while Kuwait and Bahrain also declined. In contrast, Saudi Arabia’s market posted gains supported by banking and energy stocks.

Reports indicated that Saudi Arabia’s East-West pipeline is operating at full capacity to bypass disruptions in the Strait of Hormuz.

Meanwhile, oil prices surged, with Brent crude rising above $112 per barrel amid ongoing uncertainty in the region.