{
  "id": 2797906,
  "title": "Gulf markets rise as oil prices climb on Iran sanction fears",
  "url": "https://urgent.news/2026/08/23/gulf-markets-rise-as-oil-prices-climb-on-iran-sanction-fears",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-23T13:49:04.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/gulf-markets-rise-as-oil-prices-climb-on-iran-sanction-fears-93CH-4872460"
  },
  "original_language": "en",
  "account": "Gulf stock markets experienced a rise on Sunday as oil prices climbed due to anticipated U.S. economic sanctions against Iran's trading partners. The sanctions, announced by President Donald Trump, raised hopes for a reduction in crude supply. Brent crude settled at $94.39 a barrel on Friday. Tensions between the United States and Iran were high as the two nations exchanged provocative statements before Monday's expected announcement of the new sanctions, which would impact Iran and major trading partners like China.\n\nSaudi Arabia's benchmark index increased by 1.1%, reaching 11,079, with gains primarily driven by materials and financial shares. Al Rajhi Bank and Saudi Arabian Mining were among the top gainers, with the former rising 2.1% and the latter increasing by 4%. National Shipping Company of Saudi Arabia saw a significant jump of 9.5%, marking its highest closing level in two decades. In Qatar, the benchmark index rose marginally by 0.1% to 9,688, boosted by the performance of various sectors including communications, financial, energy, and materials. Key players like Qatar National Bank and Qatar Gas Transport also saw gains of 1.6% and 1.5%, respectively.\n\nEgypt's blue-chip index continued its upward trend for a second straight day, closing 1.1% higher at 55,350. The majority of shares on the exchange reported gains. Commercial International Bank and Telecom Egypt were among the top performers, with the latter gaining 3.1%. The state-owned telecoms operator was also slated for inclusion in the FTSE Emerging Markets Index following the index provider's semi-annual review for September. Kuwait's index added 0.8% to 9,309, while Bahrain's remained unchanged at 1,944. Oman's index experienced a slight decline of 0.2% to 7,509.",
  "summary": null,
  "key_points": [
    "Gulf markets rise 1.1% to 9,079 on oil price surge",
    "Brent crude settles at $94.39 a barrel due to sanctions fears",
    "Saudi National Shipping Co. gains 9.5% to record high"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Gulf markets rise as oil gains lift sentiment",
        "url": "https://urgent.news/2026/08/23/gulf-markets-rise-as-oil-gains-lift-sentiment",
        "published": "2026-08-23T14:22:23.000Z"
      }
    ]
  },
  "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."
}