Gulf markets are splintering as the Iran war continues. Here's what to know
CNBC·2026-03-27 14:14
In contrast, the United Arab Emirates, which Dantes said is more sensitive to real-estate markets and broader geopolitical events, has been hit hardest.Saudi's index, which is closely correlated to energy markets, has been turbo-charged by the spike in oil prices, while Oman has benefitted from investors seeking safe havens, according to Damanick Dantes, founder of Dantes Outlook.Saudi Arabia and Oman have both outflanked other regional indices, with Oman's index surging 9.3% since March 1, the day after th ...