MIDEAST STOCKS-Most Gulf markets drop after U.S. slaps new sanctions on Iran - Reuters:
Major Middle East stock markets mostly fell on Tuesday after the United States imposed sanctions on Iran’s leadership, a move Tehran said closed the door to diplomacy.
U.S. President Donald Trump targeted Iranian Supreme Leader Ayatollah Ali Khamenei and other top Iranian officials with sanctions on Monday, taking a dramatic, unprecedented step to increase pressure on Iran after Tehran downed an unmanned American drone.
Iran said on Tuesday that U.S. sanctions imposed on Supreme Leader Ayatollah Ali Khamenei and other top officials in the country permanently closed the path to diplomacy between Tehran and Washington.
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