DUBAI: Most Gulf markets ended lower on Thursday after fresh US strikes on Iran, with President Donald Trump warning of further attacks unless a peace deal is secured.
The US and Iran traded airstrikes for a second straight day, with the latest escalation having been triggered earlier this week by the downing of a US Apache helicopter near the Strait of Hormuz, which set off reciprocal strikes across Iran and against US bases in the region. Tehran closed the Strait of Hormuz after the US strikes.
Dubai’s main share index declined 0.4 percent, with blue-chip developer Emaar Properties losing 2.4 percent. In Abu Dhabi, the index eased 0.3 percent. The Qatari index was down 0.3 percent, weighed down by a 1.5 percent slide in the Gulf’s biggest lender Qatar National Bank.
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