๐ Geopolitical Tensions Impact Global Markets๐ข
Israel-Iran Conflict Escalates: Israel launched a large-scale airstrike on Iran's nuclear facilities, leading to significant casualties and damage. In retaliation, Iran targeted Israeli infrastructure, including the Haifa oil refinery. This escalation has raised concerns over regional stability and oil supply disruptions.๐
Gulf Markets React: Stock markets across the Gulf region experienced significant declines due to the escalating hostilities between Israel and Iran. Qatar's stock index fell 2.9%, Saudi Arabia's index dropped 1.6%, and Kuwait's index fell 4.3%, with major losses for companies such as Qatar Gas Transport and Qatar National Bank.๐๐
according to reuters.com
