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Middle East Markets

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world7 months ago

Middle East Tensions Drive Market Volatility and Safe Haven Flows

Most Middle Eastern markets declined due to escalating Israel-Iran conflict, with Egypt experiencing its worst stock losses in five years amid concerns over fuel shortages and currency weakness, while oil prices surged, reflecting fears of supply disruptions. Israel's stock rose slightly due to defense sector gains, and regional markets remain volatile amid ongoing hostilities and geopolitical tensions.