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Gulf bourses mixed as fears over US strikes offset Iran-Saudi talks
Gulf stock exchanges ended mixed on Tuesday as peace hopes over Tehran’s statement that talks with Saudi Arabia were continuing were offset by fears of escalation in the eight-month conflict after the US struck Iran’s Qeshm Island in the Strait of Hormuz. A US official said on Monday that the strikes, earlier reported by the Wall Street Journal, appeared limited and did not mark a resumption of major combat operations. The official spoke on condition of anonymity. Saudi Arabia’s benchmark index eased 0.1%, weighed down by a 0.8% fall in Saudi Telecom Company. However, oil giant Saudi Aramco ad...
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