MIDEAST STOCKS-Gulf markets mostly firm, Oman outperforms after Iran deal | Reuters:
"Gulf stock markets were mostly firm on Tuesday, moving little in response to the international deal on Iran's nuclear programme, which opened up new business opportunities for some local companies but also depressed oil prices.
The Iranian agreement will eventually see economic sanctions against Tehran lifted in exchange for curbs on its nuclear development.
Analysts think it would take Iran many months to fully ramp up its oil export capacity after an easing of sanctions. But even a modest initial increase could be enough to pull international oil prices down as the market is already oversupplied; Brent crude fell as much as 2 percent on Tuesday, though it pared its losses later in the day."
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