US-Iran Conflict Weighs on Gulf Bourses Amid Recovering Oil Flows

Gulf bourses were subdued on Thursday as they navigated recovering regional oil flows and mixed signals from the US-Iran conflict.

Qatar's index retreated 0.4 per cent, pressured by a 0.4 per cent decline in Qatar National Bank, the Gulf's largest lender.

Saudi Arabia's benchmark index slipped 0.3 per cent, weighed down by a 0.9 per cent drop in Saudi Arabian Mining.

The restart of Saudi Arabia's East-West Pipeline and resumption of tanker loadings at the Red Sea port of Yanbu signal a return to exports from the Middle East.