Source: Reuters (via feed)
UAE stock markets declined in early Monday trading. The losses extended as the U.S.-Israeli war with Iran widened. Oil prices jumped more than 25%. The rise reflected supply cuts and fears of prolonged disruptions in Strait of Hormuz shipping.
BizTrendWire Insight:
The conflict in the Middle East coincided with notable moves in UAE stock markets and oil prices.
The conflict in the Middle East coincided with notable moves in UAE stock markets and oil prices.
