U.S.-Iran Conflict Escalation Drags Down Gulf Stock Markets, Qatar’s QE Index Falls 0.8%

Odaily reported that Qatar's stock market led declines across most major Gulf markets, extending recent losses. This follows the largest escalation in conflict between the United States and Iran since the two sides reached a 60-day peace agreement last month.

A new report from the International Monetary Fund indicates that Qatar is among the commodity-producing countries most directly affected by disruptions in energy output and transportation. The Qatar QE Index fell 0.8%, Saudi Arabia’s benchmark index dropped 0.4%, and the Dubai Financial Market General Index declined 0.2%.