Dubai, United Arab Emirates – Web Desk: Most Gulf stock markets opened lower on Tuesday as escalating US-Iran military tensions fueled investor concerns over the Strait of Hormuz and global energy supply disruptions .
Dubai and Abu Dhabi Lead Declines
Dubai’s main share index fell over 1%, though shares of Emirates NBD rose 1.2%, providing some support to the market . Abu Dhabi’s stock exchange index also declined by approximately 0.3% .
Saudi Market Under Pressure
Saudi Arabia’s benchmark index slipped 0.2%, with Al Rajhi Bank shares falling 0.5% . However, Saudi Aramco shares rose 0.8% amid a surge in global crude prices, offering some relief to the overall index .
Investor Fears Mount
Analysts said investor confidence is being eroded by the reimposition of the US naval blockade against Iran and fresh military exchanges between Washington and Tehran . Concerns over shipping safety in the Strait of Hormuz—a critical chokepoint for global oil supplies—are weighing on market sentiment .
Outlook
Economic experts warn that further escalation in the region could have significant spillover effects not only on Gulf financial markets but also on the broader global economy . Investors will be closely monitoring developments in the coming days, as these factors will determine the future trajectory of the markets .
