Gulf region stock markets decline slightly, US-Israel-Iran conflict enters third week

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Mars Finance News: On March 15, most Gulf region stock markets experienced slight declines on Sunday. Saudi Arabia’s benchmark index fell by 0.8%, with Al Rajhi Bank down 0.9% and Saudi National Bank, the largest lending institution in Saudi Arabia, down 1.9%. Qatar’s index declined by 0.5%, with Qatar National Bank, the region’s largest asset lender, dropping 1.3%. Bahrain’s benchmark index decreased by 0.3%, and Oman’s benchmark index fell by 0.4%. Currently, the US-Iran conflict has entered its third week. U.S. President Trump threatened to further strike Iran’s Halek Island oil export hub, while Iran vowed to strengthen its response. Additionally, three sources familiar with the matter said the Trump administration rejected diplomatic efforts by Middle Eastern allies to end the US-Israel-Iran war. Trump also called on allies to deploy warships to help secure the vital Strait of Hormuz for global energy supplies. (Jin10)

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