Regional markets react positively to reopening of trade routes

Most Gulf stock markets moved higher after a preliminary US-Iran peace agreement raised hopes for long-term regional stability and the reopening of the Strait of Hormuz. Qatar’s benchmark index rose nearly 1%, while investors across the GCC welcomed expectations of smoother trade flows and lower geopolitical risks. Oil prices also declined as concerns over supply disruptions eased.

The agreement is expected to support business activity, logistics operations, foreign investment inflows, and cross-border trade throughout the Gulf region.

Source : Reuters.