Sunday, 5 January 2020

Aramco sinks as Gulf bourses rocked by Iran-US tensions

Aramco sinks as Gulf bourses rocked by Iran-US tensionsSaudi Aramco shares hit the lowest level since their market debut on Sunday, as Gulf bourses were hit by a panicky sell-off amid Iranian vows of retaliation over the US killing of a top general. All six member states -- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates -- are US allies and lie on the opposite side of the narrow Gulf, making them easy targets for the Islamic republic.




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