Gulf markets end the highest Iranian strike

The markets have ended all over the Middle East on Sunday after the United States I entered the war Between Israel and Iran, three major Iranian nuclear sites were struck, Fordo, Natanz and Safhan.

The stocks in Tel Aviv reached their highest level on Sunday on the bets that the entrance to Washington to the conflict with Tehran will help it to end, despite the Iranian Foreign Minister insisting that the country cannot return to diplomacy “during the attack.”

The broader TA-125 index was traded by 1.77 % on Sunday, while the TA-35, Tel Aviv’s Blue Chip index, increased by 1.5 %. The stocks in Israel rose last week after the country achieved targets in Iran.

In the Gulf, Tadawul opened in the Kingdom of Saudi Arabia on Sunday the highest half percent before erasing previous gains and decreased by 0.3 %. Qatar has gained 0.2 % and the Bahrain Index added 0.3 %. Bahrain, the home of the US Central Command, issued a “work of homes” on Sunday, and urged citizens to “use the main roads only when necessary to maintain public safety.”

Egypt’s EGX30 standards were the main winner in the region, closed by 2.7 % on Sunday.

“The Gulf has distanced to itself and called for recovery, supports a peaceful decision, and went to the point of condemning the Israeli aggression,” Fadi Arodd, the founding partner and CIO of AMWAL CAPITAL PARTNERS, told CNBC. He explained that such a speech “helped the Gulf to isolate itself from the conflict” and any significant impact on the market in the short term, adding that the net mid -time is positive.

“The market may be priced to remove a large overload, which is the Iranian threat,” said Arodd

The Kingdom of Saudi Arabia, the United Arab Emirates and Qatar, have all released data in the past 24 hours, the United Arab Emirates And he urged an immediate stoppage of escalation to “avoid serious repercussions” in the regionWhile the Kingdom of Saudi Arabia He expressed concern and Qatar said It is a “deterioration” in the conflict between Israel and Iran.

Investors will monitor fluctuations in Oil market When it opens later in this evening, and whether Iran intends to prevent the Strait of Hermoz, a decisive waterway through which a quarter of the world’s oil supplies pass.

Track the tankersAs, as of 3:40 pm, the “United Arab Emirates” on Sunday, “the carrier traffic is still moving in both directions inside the Strait of Hormuz,” quoting AIS data.

“It is possible that oil prices will open, which increases the geopolitical risk bonus,” said Giovanni Stonovo, adding that oil will maintain “the risk bonus at the present time,” and prices will remain sophisticated in the short term because they “do not start developing.”

Prices decreased by 2 % on Friday, in front of the American President Donald Trump He moved to enter the war between Israel and Iran. Brent Futures has jumped by 11 % since Israel’s attack on Iran less than two weeks ago, and Brent and US Oil has been volatile since then. Prices are expected to rise on Monday after Washington’s strike on Iranian nuclear facilities.

“Oil markets are likely to take US attacks as a major escalation of war and price in high security to the risk of supply.” Edward Bell, Acting Chief Economist in the Emirates NDB, told CNBC. He added that the markets remain binding on the headlines, not the basics and said to expect “great fluctuations” in the coming days.

“Although there is no interruption in front of oil flows that come out of the oil infrastructure, the oil infrastructure has not been subjected to direct attack, the markets will likely remain pricing in a high geopolitical premium,” Bell said.