U.S.-Iran conflict escalation drags down Gulf stock markets, Qatar's QE Index falls 0.8%

Odaily Planet Daily News Qatar's stock market led the decline among most major Gulf markets, extending recent losses. This follows the largest escalation of the 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 shows that Qatar is the commodity-producing country most directly affected by disruptions to energy output and transportation. Qatar's QE Index fell 0.8%, Saudi Arabia's benchmark index fell 0.4%, and the Dubai Financial Market General Index fell 0.2%.