{
  "id": 19336132,
  "title": "Gulf stocks close higher as Trump dials back Iran strike talk",
  "url": "https://urgent.news/2026/11/10/gulf-stocks-close-higher-as-trump-dials-back-iran-strike-talk",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-10T13:26:16.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40448270/gulf-stocks-close-higher-as-trump-dials-back-iran-strike-talk"
  },
  "original_language": "en",
  "account": "Gulf stock markets continued to rise on Tuesday as US President Donald Trump indicated he would refrain from launching military strikes against Iran for now. The decision came after regional allies, including Qatar's prime minister, urged Trump to avoid further action. Despite the naval blockade around the Strait of Hormuz remaining in place, Saudi Arabia's main stock index climbed 0.6%, driven by gains in Al Rajhi Bank (2.6%) and Saudi National (0.8%).\n\nHowever, oil giant Saudi Aramco saw a decline of 1.9% amid the mixed market sentiment. The ongoing military operations in Yemen saw Saudi-led coalition forces intercept two missiles launched by Iran-aligned Houthis targeting the kingdom's capital, Riyadh. Additionally, an interdicted drone over the Eastern Province, a vital oil-producing region, could be linked to the recent volatility.\n\nThe calming regional atmosphere, coupled with the assurance that no military strikes were planned, lifted investor confidence and contributed to the upswing. Traders monitored ongoing negotiations that could alleviate shipping disruptions at crucial sea lanes. Strong third-quarter earnings, which boosted the performance of key financial institutions, also played a role in the positive market outlook, according to Milad Azar, a market analyst at XTB MENA.\n\nGulf bourses, including Dubai's (1.4% increase), Abu Dhabi's (0.8%), and Qatar's (0.7%), had a strong day. Dubai's main share index climbed 1.4%, propelled by a 3.5% surge in Emirates NBD. Apart from Saudi Arabia, Egypt's blue-chip index added 2.1%, with Commercial International Bank leading the charge (2.3%) after reporting improved third-quarter net interest income.",
  "summary": "Gulf bourses ended higher on Tuesday after US President Donald Trump said military action against Iran isn’t needed “at this point”. Trump plans to hold off on fresh strikes for now after appeals from regional allies including Qatar’s prime minister. However, the naval blockade in the Strait of Hormuz stays in place for the time being. Saudi Arabia’s benchmark index rose 0.6%, with Al Rajhi Bank…",
  "key_points": [
    "Trump signals no Iran strikes for now, easing Gulf markets",
    "Saudi Arabia's main index rises 0.6% on Al Rajhi Bank gain",
    "Regional allies urge Trump to avoid further military action"
  ],
  "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."
}