MIDEAST STOCKS-Most Gulf markets lower as regional geopolitical tensions worsen - Reuters:
Most Gulf markets opened lower on Sunday, weighed down by deteriorating political relations in the region and after U.S. President Donald Trump announced he would impose new sanctions on Iran.
Trump on Saturday said additional sanctions would be imposed on Monday but that he wanted to make a deal to bolster Iran’s flagging economy, an apparent move to defuse tensions following the shooting down of an unmanned U.S. drone last week by Iran.
The Saudi index, which fell in the previous two sessions, was down 0.4 percent, with many banking shares sliding.
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