DUBAI: Stock markets in the Gulf ended mixed on Tuesday, with little clarity on the prospects for an end to the two-month long war between Iran, the United States and Israel.
US President Donald Trump is dissatisfied with Iran’s latest proposal for ending hostilities, a US official said, dimming hopes for an agreement that would end a war that has disrupted energy supplies, stoked inflation, and claimed thousands of lives.
Tehran’s latest proposal includes a deferral of discussion on Iran’s nuclear program until the war ends and disputes over Gulf shipping are settled.
Saudi Arabia’s benchmark index edged 0.1 percent higher, with the country’s biggest lender by assets Saudi National Bank rising 0.9 percent.
Oil major Saudi Aramco gained 0.7 percent.
Brent crude futures for June climbed USD3.93, or 3.63 percent, to USD112.16 a barrel by 1210 GMT.
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