header logo
Mogo Academy
Latest
Stock markets fall in Middle East after US and Iran deal doubts
May 17, 202608:45 PM
Stock markets fall in Middle East after US and Iran deal doubts
Mobitel Inner

Stock markets in the Middle East closed lower on Sunday after both US President Donald Trump and Iran’s Foreign Minister threw doubt on a deal to end the tension in the Strait of Hormuz.

 

Markets in Saudi Arabia, Qatar and Egypt all saw losses.

 

Trump said he was running out of patience with Iran, while Iranian Minister Abbas Araghchi said his government is “in doubt” of the US’s “seriousness” of coming to an agreement.

 

The stock market falls came after Iran announced it would reopen its stock market on Tuesday for the first time since the start of the latest conflict.

 

An official at the Iranian market authority said the market had been closed to prevent “panic-driven trading”.

 

Source: Sky News
-- Agencies

 

 

 

MostRead
Mobitel Upahara
VideoStories
“Dengue threat will persist for four weeks "Total number of infections in 2026 surpasses 61,000

“Dengue threat will persist for four weeks "Total number of infections in 2026 surpasses 61,000

“Govt. must be held accountable for loss of life ”Independent probe called into Negombo Prison Clash

“Govt. must be held accountable for loss of life ”Independent probe called into Negombo Prison Clash

“Belittling honors bestowed on war heroes unacceptable” - Gammanpila on remarks by AG Dept. official

“Belittling honors bestowed on war heroes unacceptable” - Gammanpila on remarks by AG Dept. official

Death toll in Negombo Prison Clash climbs to 26 Justice Minister accepts responsibility for incident

Death toll in Negombo Prison Clash climbs to 26 Justice Minister accepts responsibility for incident

Negombo Prison Violence: Two dead, 28 hospitalized;  Drug kingpin linked to deadly clash?

Negombo Prison Violence: Two dead, 28 hospitalized; Drug kingpin linked to deadly clash?

“Many insults are being hurled at Buddhist monks” Asgiri Chief Prelate calls for unity among clergy

“Many insults are being hurled at Buddhist monks” Asgiri Chief Prelate calls for unity among clergy

Agriculture Minister links excess rice consumption by public to high rate of diabetes in Sri Lanka

Agriculture Minister links excess rice consumption by public to high rate of diabetes in Sri Lanka

Dengue cases continue to soar as deaths rise to 39; PHIs intensity operation against dengue

Dengue cases continue to soar as deaths rise to 39; PHIs intensity operation against dengue

 Prices of multiple food items reduced from midnight today

Prices of multiple food items reduced from midnight today

Several farmers continue protests, demanding fair guaranteed paddy prices

Several farmers continue protests, demanding fair guaranteed paddy prices

Dengue cases continue to spike across several districts of the island

Dengue cases continue to spike across several districts of the island

Former Navy Commander Wasantha Karannagoda granted bail on two surety bonds

Former Navy Commander Wasantha Karannagoda granted bail on two surety bonds

Rakitha Rajapakshe, Charith Abeysinghe and another further remanded until July 17

Rakitha Rajapakshe, Charith Abeysinghe and another further remanded until July 17

Opposition Leader accuses Govt. of failing to honour its election promises

Opposition Leader accuses Govt. of failing to honour its election promises

Agriculture Minister vows to implement all possible measures to address farmers' concerns

Agriculture Minister vows to implement all possible measures to address farmers' concerns

Lassana Flora