'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs
Video Credit: Oneindia - Duration: 03:03s - Published
'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs
As global stock markets reel from a historic downturn—fueled by U.S. tariffs and heightened recession fears—Saudi Arabia stands out as an unexpected outlier.
On Monday, the Tadawul All Share Index (TASI) climbed 0.67%, closing at 11,191.20, up from 11,077.19 a day earlier.
The gain comes despite a worldwide stock sell-off triggered by economic uncertainty.
The positive momentum in Saudi markets is being linked to Saudi Aramco’s strategic decision to slash oil prices by $2.30 per barrel, boosting investor confidence and projecting increased global demand for Saudi crude.
#SaudiStockMarket #TASI #OilPrices #SaudiEconomy #GlobalMarkets #StockMarketNews #EtihadEtisalat #Jahez #MarketResilience #USMarketCrash #TrumpTariffs #OPEC #MiddleEastMarkets #EconomicNews #WallStreet
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Rising tensions in the Gulf have prompted Saudi Arabia to urgently deploy its US-made THAAD (Terminal High Altitude Area Defense) air defense system amid fresh Iranian threats of missile attacks. Intelligence reports warn that Iran could target critical Saudi infrastructure and American military assets in the region. The deployment underscores deepening security cooperation between Washington and Riyadh, even as US officials privately admit concern about Iran’s expanding missile capabilities.
#THAADMissileSystem #SaudiArabiaDefense #USTHAADSystem #THAADInSaudi #MissileDefenseSystem #THAADDeployment #AntiMissileSystem #IranMissileThreat #THAADVsIran #SaudiUSDefense #THAADMissileDefense #MissileDefenceShield #THAADInAction #GulfSecurity #USMissileSystem #MiddleEastTensions #THAADProtection #IranVsSaudi #THAADShield #MissileDefenseTechnology
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In a striking display of diplomatic unity, Saudi Foreign Minister Faisal bin Farhan declared that Riyadh welcomes Russia’s role in Middle Eastern affairs during a high-profile press conference with Russian FM Sergey Lavrov in Moscow. The comment signals a major shift in Gulf geopolitics, showing Saudi Arabia's increasing tilt toward Moscow as regional dynamics evolve. Lavrov and Farhan met at the Russian MFA Reception House, emphasizing cooperation on regional security, energy, and investment. Farhan praised Russia’s involvement as “always welcome,” underlining a growing partnership despite global Western efforts to isolate Moscow. The press conference further confirms Russia's expanding clout in the Gulf as the Kremlin strengthens alliances outside the West. The talks come amid heightened tensions in the region, and suggest Saudi Arabia is now playing a more independent, multi-vector diplomatic game — balancing its ties between Washington, Moscow, and Beijing.
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A global wave of condemnation is rising after the U.S. launched strikes on Iranian nuclear sites, sparking fears of a wider war. Nations including Pakistan, Iraq, Venezuela, Cuba, Saudi Arabia, and Oman condemned the move, calling it a violation of international law. UN Chief Antonio Guterres warned of “catastrophic consequences,” urging diplomacy over force. As international pressure mounts on Washington and Israel, Iran gains growing diplomatic support, shifting the global narrative. A call for de-escalation echoes worldwide as the Middle East teeters on the brink.
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US President Donald Trump denies reports that military aid to Ukraine has completely stopped but signals a major shift in US policy prioritizing America’s own defense stockpiles. As critical weapons deliveries face delays, Ukraine’s Zelensky struggles with escalating battlefield losses. This shift raises serious questions about the future of Western support in the ongoing conflict and what it means for Ukraine’s fight against Russian aggression.
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Ukraine will do 'anything' to advance EU accession talks despite Hungary veto, Zelenskyy says
Danish Prime Minister Mette Frederiksen vowed to back Ukraine in its quest to join the European Union.
READ MORE : http://www.euronews.com/2025/07/03/ukraine-will-do-anything-to-advance-eu-accession-talks-despite-hungary-veto-zelenskyy-says
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Credit: euronews (in English) Duration: 01:10Published
In a stunning development, Russian President Vladimir Putin has announced he will speak with U.S. President Donald Trump by phone. The announcement came during a business forum on July 3, 2025, with Putin offering no details on the agenda before leaving abruptly for the call. Minutes later, Trump confirmed the 10 AM ET conversation on social media, sending shockwaves through the international community.
This high-stakes call comes at a critical moment in the Russia-Ukraine war. Russian forces have been making significant territorial gains, recently claiming full control over the strategic region of Luhansk. This major blow to Ukrainian President Volodymyr Zelenskyy's government has been exacerbated by a slowdown in crucial military support from the United States. Moscow has intensified its aerial attacks, and the geopolitical landscape appears to be shifting, with both NATO and the U.S. seemingly easing their harsh rhetoric against Putin's actions.
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Ukraine to withdraw from anti-personnel mines ban treaty, says Zelenskyy
The decision to withdraw from the Ottawa Convention follows similar decisions by Kyiv's allies Poland, Finland, Lithuania, Latvia and Estonia - which also border Russia.
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Credit: euronews (in English) Duration: 01:10Published
Russia Attacks Kyiv Airport BREAKING: Russia has launched one of its largest aerial assaults of the war, striking Kyiv’s Zhuliany International Airport and surrounding civilian neighborhoods in a sustained six-hour bombardment. Ukrainian officials report multiple casualties and widespread destruction of infrastructure, including passenger terminals and residential buildings. Air raid sirens blared through the night as missiles and drones rained down on the capital.
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Dozens of people take shelter in the Ukrainian capital's subway system as they fear Russian attacks on the city.
Moscow has stepped up its drone and missile bombardment of Ukraine in recent weeks, with peace talks stalling and Kyiv's key ally Washington signalling it could cut military support.
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Russia launches massive aerial attack on Kyiv, injuring at least 23
As Kyiv suffered a major attack overnight on Friday, one resident who lives in the centre of the Ukrainian capital told Euronews that the number of Shahed drones "are far more numerous and deadlier than before".
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Credit: euronews (in English) Duration: 01:17Published
Moldova pushes for EU accession, but Brussels hesitates to decouple Ukraine
The EU and Moldova will discuss economic growth and security at their first bilateral summit in Chisinau this Friday. The Moldovan president Maia Sandu will meet EU Commission president, Ursula von der Leyen, and the president of the EU Council, António Costa.
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Credit: euronews (in English) Duration: 02:05Published
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