Daily brief
US stocks fell for a second consecutive day as heightened geopolitical concerns over Iran lifted oil prices, creating market uncertainty.
Oil prices later tumbled after the US held off on a military strike against Iran, easing immediate concerns over potential supply disruptions.
Shipping giant Maersk has resumed operations through the Red Sea following the announcement of a ceasefire in the region.
In Dubai, gold prices edged lower due to profit-taking, though 24-karat gold continued to trade above 550 dirhams per gram.
Saudi Arabia's mining company Maaden announced the discovery of an estimated 7.8 million ounces of new gold resources.
by WorldBrief & Maksim Micheliov | AI-generated summary