ChemBriefMost Gulf Bourses Gain Despite Stalled Iran Talks, Hormuz Disruption
Gulf stock markets rose amid regional tensions and Strait of Hormuz disruptions. Brent crude settled at $88.52/barrel with Saudi Aramco gaining.
reuters · 2026-08-16 06:16 UTC
Gulf stock markets rose amid regional tensions and Strait of Hormuz disruptions. Brent crude settled at $88.52/barrel with Saudi Aramco gaining.
Yemen's Houthis launched a second drone attack on Saudi Aramco's Jazan refinery this week, causing minor damage to a crude storage tank amidst escalating regional tensions.
Yemen's Houthi group announced plans to attack Saudi oil tankers in the northern Red Sea, escalating risks to global energy markets. While Saudi Aramco reports export volumes remain stable, the threat