Oil Pipeline
Gulf markets react positively to the US-Iran ceasefire
The Gulf stock markets rose on Wednesday, in line with global equities, after U.S. president Donald Trump announced on Tuesday a?ceasefire? with Iran for two weeks. In Asia, the Nikkei gained about 5.4%, while South Korea's KOSPI gained about 6.8%. This triggered a brief halt in trading. MSCI's broadest?index of?Asia-Pacific stocks outside Japan rose 1%. Trump said that the deal at the last minute was contingent on Iran agreeing to stop its blockade of oil, gas and natural gas through the Strait of Hormuz. This area handled before the war about one-fifth of all global oil and LNG shipments. Abbas...