Major Gulf markets gain as earnings lift sentiment amid U.S.-Iran optimism
Published on May 7, 2026.
Major Gulf stock markets have seen a surge in early Thursday trading due to strong corporate earnings and optimism over a potential U.S.-Iran peace deal. However, uncertainty remains over the fate of the strategically important Strait of Hormuz. The United Arab Emirates has defended its relationship with the United States, stating its international and defense partnerships are a sovereign matter.
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