Stock exchanges across the Middle East are predominantly closed on Sunday as a response to the drastic developments unfolding in Iran. In Muscat, Oman, stock prices opened lower as investors withdrew funds amid fears that the situation could escalate, particularly with the potential for Iranian retaliatory actions in the Gulf region. The Muscat index, .MSX30, recorded a decline of over 2% in Sunday trading, reflecting the growing apprehension among traders.

Although Oman has not been directly targeted by Iran, the nation has recently acted as a key mediator in negotiations between Washington and Tehran. This positioning has highlighted Oman's unique stance in the ongoing turmoil, which has arisen following significant actions by U.S. and Israeli forces against Iran. Oman’s Foreign Minister expressed his disappointment regarding these attacks, indicating that “active and serious negotiations have once again been undermined,” suggesting that the geopolitical landscape in the Middle East may grow even more complex as tensions rise.

The Kuwaiti stock market has also suspended trading until further notice, illustrating how interconnected regional developments affect financial markets. Stock market closures are not just a local phenomenon but indicate a broader concern regarding stability and investment across the region, as stakeholders monitor the rapidly evolving situation in Iran and its implications for Gulf cooperation and security.