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The Nexus
BUSINESSJun 25 · 16:40 UTCMIDDLE EAST EYETamara Turki

Gulf stock markets fall as oil prices return to pre-war levels

Gulf stock markets closed lower as oil prices fell to pre-war levels due to a preliminary US-Iran agreement expected to reopen the Strait of Hormuz. The decline in oil prices was driven by expectations of increased Middle East supply outweighing demand concerns.

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Gulf stock marketstopicoil pricestopicUS-Israeli war on IrantopicUnited StatesplaceIranplaceStrait of HormuzplaceReutersorganization
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