Gulf Bourses Close Lower as Hormuz Tensions and Houthi Strikes Rattle Traders
Most Gulf bourses closed lower on Sunday as traders weighed disruption in the Strait of Hormuz and Iran-aligned Houthi attacks on Saudi Arabia. The body is truncated after reporting that Iranian state media confirmed a Saturday mine strike set three oil tankers ablaze.
By Ateeq ShariffMost Gulf bourses closed lower on Sunday, with traders weighing the disruption in the Strait of Hormuz alongside Iran-aligned Houthi attacks on Saudi Arabia.The Iranian navy has confirmed that a Saturday mine strike in the Strait of Hormuz set three oil tankers ablaze, state media r…