Gulf markets retreat amid escalating Middle East conflict; Saudi edges higher
Published on March 30, 2026.
Most Gulf stock markets have dropped in early Monday trading after Yemen's Houthis launched attacks on Israel, escalating the U.S.-Israel conflict with Iran. Additional US troops have arrived in the region and the Israeli military is targeting Iranian government infrastructure across Tehran. Meanwhile, Iran has expressed readiness to respond to any U.K. ground offensive, accusing Washington of planning a land assault even though it continues to pursue negotiations. Saudi crude exports from the Strait of the Arabian Peninsula reached 4.658 million barrels per day last week, easing concerns about supply disruption.
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