Gulf market volatility amid regional conflict
Gulf stock markets opened with sharp volatility following regional tensions. Saudi Arabia's Tadawul dropped over 4% before recovering slightly, while oil prices are expected to spike. The Strait of Hormuz closure is raising serious concerns about global oil supply disruptions, which could push crude prices toward $100/barrel. Key regional hubs like Dubai face immediate operational challenges, including suspended flights and shipping disruptions, highlighting the economic vulnerability of trade-dependent Gulf states during geopolitical crises.
https://www.thenationalnews.co