Mideast Stocks: Most Gulf bourses subdued as investors await Strait of Hormuz deal clarity
Gulf stock markets were mostly subdued as investors awaited clarity on an Oman-Iran deal to designate new shipping lanes through the Strait of Hormuz. Iran said it is in final stages but would reopen only after U.S. conditions are met. Saudi Arabia’s index rose 0.1% on a 1.9% gain in Saudi Arabian Mining Company; Qatar fell 0.1% as Industries Qatar dropped 0.9%. Brent settled at $83.55.


