RIYADH: The impact of the war on Iran on global markets is set to be made clear today as numerous exchanges across the world open for the first time since the US-led attack began on Saturday.
Oil prices surged by as much as 13 percent on Monday after shipping in the crucial Strait of Hormuz was disrupted by retaliatory Iranian attacks.
In the Middle East, the UAE and Kuwait temporarily closed their stock markets citing “exceptional circumstances.”
For Europe, EUROSTOXX 50 futures shed 1.3 percent and DAX futures slid 1.4 percent. FTSE futures fell 0.6 percent.
On Wall Street, S&P 500 futures and Nasdaq futures both lost 0.8 percent.
