Gulf Markets Mixed as US-Iran Diplomacy, Hormuz Talks Assessed

Qatar's prime minister visited Tehran for diplomacy aimed at de-escalating tensions after the US and Iran exchanged recriminations. Discussions included a proposed shipping corridor through the Strait of Hormuz and a joint mine-clearing project. While Dubai and Qatar indices saw modest gains, Saudi Arabia's benchmark slipped. Continued geopolitical developments, especially regarding oil transit routes, will likely influence oil prices, potentially affecting global inflation, safe-haven demand for gold, and the USD/PKR rate in Pakistan.

بحوالہ / Source: www.brecorder.com