$BTC The collapse in the Saudi main market intensified, dropping by 1.68% in today's trading and moving away from the 11,000-point level.

This drop comes amid rising geopolitical tensions due to Washington's decision to allow its community to leave Bahrain and Kuwait amid fears of potential Iranian retaliation.

Subscribe now at the lowest price.. and discover the top-performing TASI stocks with a 15% advantage!

President Donald Trump stated that he has become "less confident" in reaching a nuclear deal with Iran, which diminished hopes for a diplomatic solution.

The White House warned that it would consider taking military action if negotiations fail, as the main deadline for response approaches this Thursday.

Meanwhile, the Iranian defense minister threatened that Tehran would target U.S. bases in the region if attacked. For its part, Israel stated that it is ready to strike Iran if it persists with its nuclear weapons.