{
  "id": 10696743,
  "title": "Most Gulf equities end lower amid cautious response to renewed US-Iran talks",
  "url": "https://urgent.news/2026/09/29/most-gulf-equities-end-lower-amid-cautious-response-to-renewed-us",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T13:26:06.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40441804/most-gulf-equities-end-lower-amid-cautious-response-to-renewed-us-iran-talks"
  },
  "original_language": "en",
  "account": "Most Gulf equities closed lower on Tuesday as investors cautiously assessed the progress of renewed US-Iran talks aimed at ending the conflict. US and Iranian officials engaged in separate mediation sessions on Monday to discuss a possible resolution, focusing on an updated version of Iran's seven-day proposal discussed during the UN General Assembly. Saudi Arabia's leading index slipped 1.2% due to a 1.4% drop in its oil giant, Saudi Aramco. Meanwhile, the kingdom has resumed oil shipments from its Red Sea port of Yanbu following the restoration of the East-West Pipeline, increasing hopes for Middle Eastern crude exports.\n\nDespite the diplomatic efforts, regional uncertainty and a lack of clear timeline for the talks kept investors on edge. Joseph Dahrieh, managing director at Tickmill, noted that the absence of tangible progress in the negotiations has contributed to the cautious market sentiment. The Strait of Hormuz, a crucial trade route, remains closed due to maritime disruptions, further dampening investor confidence. Additionally, QatarEnergy's force majeure notices have halted liquefied natural gas deliveries to Italian and Asian customers, adding to the market concerns.\n\nIn Dubai, the main share index fell by 0.2% after a 1.6% decline in toll operator Salik Co. Abu Dhabi's benchmark index also dropped 0.3%. Outside the Gulf, Egypt's major index experienced a 0.3% decline. Saudi Arabia experienced the largest drop among the Gulf countries, closing 1.2% lower at 10,456 points. Abu Dhabi fell 0.3% to 10,132 points, while Qatar declined 1.1% to 9,307 points. Bahrain's index increased marginally by 0.1% to 1,907 points, Oman eased by 0.1% to 7,579 points, and Kuwait saw a 0.7% drop to 9,179 points.",
  "summary": "Most Gulf markets ended lower on Tuesday as investors weighed renewed diplomatic efforts to end the conflict between the United States and Iran. US and Iranian officials held separate talks with mediators on Monday, officials from both countries said, in a renewed push to end the war. Any further negotiations are expected to centre on an amended version of the seven-day proposal Iran presented…",
  "key_points": [
    "Gulf equities closed lower amid cautious assessment of US-Iran talks",
    "Saudi Aramco's 1.4% drop led to 1.2% decline in Saudi Arabia's index",
    "Strait of Hormuz closure and QatarEnergy's LNG halt added market concerns"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}