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Gulf markets gain on hopes Iran strikes will stay off the table
Gulf bourses closed mostly higher on Monday as US President Donald Trump’s signal that fresh Iran strikes are unlikely, provided talks continue, lifted sentiment across the region after an eight-month conflict. Trump’s remarks came despite reports from the US military and Iranian state media that shipping had been attacked in or near the Strait of Hormuz, a vital waterway that carried nearly a fifth of the world’s crude before the war. Trump had earlier hinted at renewed attacks after last week’s midterm elections, but no large-scale US military operation has followed, and Tehran has warned it...
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