Our Reporter
Abuja (Sundiata Post) – Major stock markets in the Middle East traded down on fears of a conflict between Iran and the United States after an American drone strike killed Iranian Gen. Qassem Soleimani.
The Boursa Kuwait closed down four per cent.The Dubai Financial Market closed down just over three per cent. Riyadh’s Tadawul was down over two per cent. The Abu Dhabi Securities Exchange fell 1.42 per cent.
Egypt’s stock exchange also fell four per cent.
Meanwhile, oil prices continued to rise. Brent crude traded up 3.5per cent to $68.60 a barrel.
The U.S. killed Soleimani on Friday. Early Sunday, as Iran threatened “harsh retaliation,” President Donald Trump tweeted that the U.S. was prepared to strike 52 sites in the Islamic Republic if any Americans were harmed.
Culled from The Nation
