Gulf markets end higher Iran strike

The Middle East markets ended mostly higher Sunday after the United States entered the war Between Israel and Iran and struck three main Iranian nuclear sites, Fordo, Natanz and Isfahan.

Tel Aviv’s actions have reached a summit of all time on Sunday on the bets that Washington’s entry into the conflict with Tehran could help him end, despite the insistence of the Iranian Minister of Foreign Affairs on the fact that the country could not return to diplomacy “during the attack”.

The wider index of TA-125 exchanged 1.77% more Sunday, while the TA-35, the first-rate index of Tel Aviv, increased by 1.5%. Actions climbed in Israel last week after the country has achieved goals in Iran.

In the Gulf, Tadawul of Saudi Arabia opened Sunday by exchanging almost half a hundred more before erasing the previous gains and closing 0.3%. Qatar won 0.2% and the Bahrain index added 0.3%. Bahrain, who houses the American central command, published “work work work” on Sunday, urging citizens to “use only the main roads when necessary to maintain public security”.

The Egyptian reference EGX30 was the main winner of the region, closing 2.7% more Sunday.

“The Gulf has moved away and called for appeasement, supporting a peaceful resolution, and went so far as to condemn the Israeli attack,” Fadi Arbid, founding partner and CIO of Amwal Capital Partners told CNBC. He explained that such a rhetoric “helped the Gulf to isolate himself from the conflict” and any significant impact on the short-term market, adding that the net in mid-term is positive.

“The market could be reduced to withdraw a big overhang, which is the Iranian threat,” said Arbid, who “at least the international investor is examining positively” once Iran’s question is deleted.

Saudi Arabia, water and Qatar have all the declarations published in the past 24 hours, water asked an immediate stop at climbing to “avoid serious impact” in the regionwhile Saudi Arabia concerned with concern And Qatar said He “deplored the deterioration” of the conflict between Israel and Iran.

Investors will monitor the swings in the oil market When it opens later tonight, and if Iran intends to block the Hormuz Strait, a crucial navigable track through which a quarter of the world’s diet passes.

Oil tankersA website that follows global oil shipments, said that at 3:40 p.m. on Sunday, “oil trafficking is still evolving in both directions in the Hormuz Strait”, citing AIS data.

“Oil prices are likely to open up higher, further increasing the geopolitical risk premium,” Giovanni Staunovo, a freight analyst in UBS, said on Sunday, adding that oil will maintain a “risk premium at the moment”, and prices will remain volatile almost ultimately because it is “clear how the conflict could evolve”.

Prices dropped by 2% on Friday, ahead of the American president Donald Trump moved to enter the war between Israel and Iran. Brent Futures jumped 11% since Israel’s attack on Iran less than two weeks ago, and Brent and American crude oil have since been volatile. Prices are expected to increase on Monday after Washington’s strike on Iranian nuclear installations.

“The oil markets are likely to take American attacks as a substantial climbing of war and price in high security risks of offer.” Edward Bell, acting chief economist at Emirates NDB, told CNBC. He added that the markets remain linked by the headlines, not the fundamentals and said to expect “large swings” in the coming days.

“Although there is no interruption of oil flows out of the Gulf and the oil infrastructure has not been attacked direct, the markets will probably still be a price in a high geopolitical bonus,” said Bell.