Gulf bourses gain on optimism for US-Iran peace talks

Major stock markets in the Gulf advanced in early trading on Wednesday, building on the previous session's gains as optimism over renewed US-Iran peace talks lifts investor sentiment, reports Reuters.
The United States said on Wednesday that its military had fully halted sea trade to and from Iran, even though President Donald Trump suggested negotiations with Tehran to end the war could restart this week. Trump said US and Iranian officials may meet again in Pakistan within the next two days, while Vice President JD Vance said he felt encouraged by the state of talks, even though last weekend's discussions ended without a breakthrough.