Posts in tag
Middle East (Energy)
Gulf markets mixed as Biden win is no ‘make or break’ for regional economies
DUBAI (Reuters) – Gulf stock markets were muted on Sunday after Joe Biden’s U.S. election victory, reflecting expectations that his administration will not bring radical changes to the region’s struggling economies. In Saudi Arabia, the stocks index .TASI declined 0.2% at market open but posted some gains in early trading and was up 0.3% at …
Factbox: Strait of Hormuz: the world’s most important oil artery
(Reuters) – Iran’s ambassador to Britain warned against escalating tensions on Sunday, a day ahead of an expected response from the UK which could include fresh sanctions on Tehran or other steps after its seizure of a British-flagged oil tanker. Britain has called the capture of the Stena Impero in the Strait of Hormuz on …