US EditionGulf Markets Hold Steady Despite US Entry Into Israel-Iran War
IRAQ, JUN 22 – Iraq warns US strikes on Iran's nuclear sites risk regional security and calls for restraint amid escalating Israel-Iran conflict, with Gulf states expressing concern over potential fallout.
- The United States struck three Iranian nuclear sites on Saturday night, escalating the ongoing Israel-Iran war that began on June 13 following Israeli air strikes on Tehran.
- The strikes provoked Iran to retaliate with about 25 missiles on Sunday morning amid rising regional tensions and fears of broader conflict.
- Despite the conflict and missile attacks, Gulf stock markets held mostly steady, with Bahrain's bourse up 0.27%, and Tel Aviv markets reaching all-time highs on Sunday.
- Commodity analyst Giovanni Staunovo said oil will maintain a 'risk premium for now,' with prices expected to rise Monday as markets price in elevated security supply risks.
- The escalation led Gulf countries and Iraq to call for restraint and political dialogue, warning the military actions threaten regional stability and could have catastrophic consequences.
17 Articles
17 Articles
Markets are calm, but streets are empty in spooked Gulf
Stocks are up and oil is down, a sign that investors view the US strikes on Iran’s nuclear sites as either a one-off, or a step toward diplomacy. On the flip side, Japan’s top banks are evacuating staff from the Gulf, while European investment funds are canceling trips to the region.In Dubai, however, there is just an eerie calm.Traffic at DIFC is the bane of bankers, and fodder for headlines, but I had a smooth ride into the financial district …
Now Americans around the Persian Gulf are living dangerously and retaliation is expected, says a leading security analyst. Europe has been “slapped in the face” but could have an unexpected role to play, he says.
Most Gulf markets trade up, unfazed by rising regional tensions as US
LONDON: Most stock markets in the Gulf were trading higher on Sunday, relatively unscathed by escalating tension in the region following US strikes on Iranian nuclear sites, as investors assessed the potential economic impact of the conflict. US forces struck Iran’s three main nuclear sites late on Saturday, and President Donald Trump warned Tehran it would face more
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