Thursday 13 June 2019

MIDEAST STOCKS- #Saudi leads Gulf lower after attacks on tankers - Reuters

MIDEAST STOCKS-Saudi leads Gulf lower after attacks on tankers - Reuters:

The Saudi Arabian stock market snapped a
five-day winning streak as attacks on tankers in the Gulf of
Oman dampened investor sentiment in the region, while all major
Gulf markets also declined.

Two oil tankers were attacked in the Gulf of Oman on
Thursday, leaving one ablaze and both adrift, shipping firms
said, driving oil prices as much as 4% higher over worries about
Middle East supplies.

Thursday's attacks were the second in a month near the
Strait of Hormuz, a major strategic waterway for world oil
supplies.

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