Gulf markets gain as Trump signals Iran strikes unlikely if talks continue, Reuters reports

Reuters reports that most Gulf markets closed higher Monday after Trump signaled fresh strikes on Iran were unlikely as long as talks continued. The U.S. military and Iranian state media nevertheless reported attacks on shipping in or near the Strait of Hormuz. Senior Emirati official Anwar Gargash warned that a comprehensive Washington-Tehran deal looked hard to achieve and the region could face prolonged uncertainty.