Trump suggested the US is unlikely to launch fresh strikes on Iran as talks to
end an eight‑month US‑Iran confrontation continue, helping Gulf stocks to open
higher on Monday. Both the US and Iran reported attacks on vessels in and around
the Strait of Hormuz, a chokepoint that carried about one‑fifth of global oil
flows before the conflict. Tehran warned it would retaliate against US and
Israeli targets if struck again. UAE senior official Anwar Gargash warned the
region could face prolonged instability as a comprehensive Washington‑Tehran
political deal appears elusive.
