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Most Gulf bourses rise on oil supply recovery, diplomacy hopes
Most Gulf equity markets closed higher on Wednesday, buoyed by restored crude flows from a key Saudi pipeline and growing optimism over a diplomatic resolution to the US-Iran conflict. Global oil markets faced downward pressure on Tuesday after Saudi Arabia restarted operations at its East-West Pipeline, with three sources indicating crude exports from the Red Sea port of Yanbu could soon resume amid broader signs of rising Middle Eastern supply. Despite US President Donald Trump alternating between stark threats and hints of an imminent accord in response to Iranian defiance, diplomatic effor...
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