"Historical precedent of markets selling off initially, only to recover...has led investors to be a bit more level-headed about their reaction."

LONDON: Most stock markets in the Gulf were trading higher on Sunday, relatively unscathed by escalating tension in the region following US strikes on Iranian nuclear sites, as…

Markets across the Middle East ended mostly higher on Sunday after the U.S. entered the war between Israel and Iran.

"Historical precedent of markets selling off initially, only to recover...has led investors to be a bit more level-headed about their reaction."

All three major averages rose on Monday, despite Iran's retaliatory attack on an American military base in Qatar.

Investors are unconcerned about major oil disruptions, reasoning that Iran is unlikely to close the Strait of Hormuz and harm its own economy.

Oil prices tumbled more after Iran struck US military base in Qatar, a sign Strait of Hormuz would stay open for now.

Despite a raft of problems from the Middle East to domestic tariff policies, markets seem to welcome the fact things are comparatively settled.