STOCKS | Gulf Stocks Fall as U.S.-Iran Conflict Escalates, Qatar Leads Declines

Qatar stocks led declines across most major Gulf markets, extending recent losses after the conflict between the United States and Iran saw its biggest escalation since the two sides reached a 60-day peace agreement last month. According to Jin10, a new International Monetary Fund report said Qatar is the commodity-producing country most directly affected by disruptions to energy output and transportation. Qatar’s QE Index fell 0.8%, Saudi Arabia’s benchmark index dropped 0.4%, and the Dubai Financial Market General Index declined 0.2%.