Gulf Markets React to U.S. Strike on Iran; Oil Prices Volatile

Gulf Markets React to U.S. Strike on Iran

Markets across the Middle East showed varied responses following the United States' strike on key Iranian nuclear sites. The initial reaction saw some gains, but uncertainty remains as tensions escalate.

Tel Aviv Stocks Surge

Stocks in Tel Aviv reached an all-time high, driven by speculation that U.S. involvement could expedite conflict resolution. The TA-125 index climbed by 1.77%, while the TA-35, Tel Aviv's blue-chip index, increased by 1.5%.

Mixed Performance in the Gulf

Gulf markets displayed a mixed performance. Saudi Arabia's Tadawul experienced an initial surge before closing down 0.3%. Qatar recorded a gain of 0.2%, and Bahrain's index rose by 0.3%.

Oil Market Volatility

Investors are closely watching the oil market, particularly the potential disruption of the Strait of Hormuz. Analysts predict a likely increase in oil prices due to the elevated geopolitical risk premium.