Gulf Stocks Drop as U.S. Strike on Iranian General Lifts Tension

(Bloomberg) — Stocks in the Gulf went into retreat as the U.S. killing of Iran’s most prominent general reverberated across the region.Kuwait’s benchmark index dropped more than 4% just minutes after trading began, while there were losses in Abu Dhabi, Dubai and Oman.Geopolitical tension spiked after Iranian General Qassem Soleimani was killed in Iraq last week in a U.S. drone attack. Iranian President Hassan Rouhani told Soleimani’s relatives that the U.S. “won’t see the effects of their mistake today, but they will witness it over many many years to come.” President Donald Trump said late Saturday the U.S. has identified …read more

Source:: Yahoo Finance

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