Oil Holds Near $100 as Middle East Risk Premium Persists Despite Peace Talks
Published 17 h ago4 sourcesEvidence: Reported
UAE stock indices fell 1.4% (Dubai) and 1.2% (Abu Dhabi) as regional tensions weighed on bank, real estate, and energy stocks, even as Brent crude rose to $114.61 on supply concerns. The divergence between equity and oil price action suggests risk-off sentiment is dominating local markets, likely driven by geopolitical escalation in the region. The decline underscores investor anxiety over potential conflict spillover, despite the positive oil price tailwind for energy exporters.
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