Gulf stocks fall on report of US considering strikes on Iran
By Md Hussain
Published on April 30, 2026.
Most Gulf stock markets fell following reports that the US is considering military strikes on Iran to try to resolve a deadlock in peace talks. However, losses were limited by gains in oil major Saudi Aramco and the National Shipping Company of Saudi Arabia. Oil prices also rose sharply, with the June contract for June rising by 3.63%.
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