Middle East stock markets fall as regional tensions worsen

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Mon, 2019-06-24 00:07

DUBAI: Middle Eastern stock markets fell on Sunday, as political tensions ramped up after US President Donald Trump announced new sanctions on Iran.
Trump on Saturday said additional sanctions would be imposed on Monday but that he wanted to make a deal to bolster Iran’s flagging economy, an apparent move to defuse tensions following the shooting down of an unmanned US drone last week by Iran.
The Tadawul All Share Index fell 1.5 percent extending losses from the previous two sessions, as banking shares slid.