'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.
#SaudiArabia #Russia #Lavrov #FaisalBinFarhan #MiddleEast #Geopolitics #Putin #RussiaSaudiTies #Diplomacy #Moscow #SaudiFM #RussiaNews #GulfPolitics #BRICS #SaudiRussiaRelations #MiddleEastPolicy #EnergyPolitics #GlobalSouth #ForeignAffairs #WorldNews
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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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Israel and Iran have traded strikes for the fifth consecutive day, raising fears of a wider regional conflict. Former President Trump, speaking after leaving the G7 summit early, issued a stark warning to Iran, urging civilians to evacuate Tehran amid signals of massive U.S. military action. Explosions rocked Tehran as Israel bombed the Natanz nuclear facility, triggering fears of nuclear contamination. Iran responded with missile strikes on Tel Aviv. Peace efforts are underway via Oman, Qatar, and Saudi Arabia, but the region teeters on the edge of all-out war.
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Germany has announced it will soon supply Ukraine with new long-range missile systems, but not the Taurus cruise missiles that Kyiv has long sought. Despite previous speculation, German Defense Minister Boris Pistorius confirmed that Taurus missiles—capable of striking targets up to 500 km away—will not be sent. Instead, Germany is providing Patriot air defense systems purchased from the U.S. Chancellor Friedrich Merz emphasized that diplomatic avenues with Russia are "exhausted" and vowed to counter what he called a “criminal regime.”
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Russia has accused Ukraine of launching over 500 chemical attacks since the war began, including toxic drone strikes and gas container drops across the frontlines. General Rtishev alleges Ukraine uses chemical agents like chloroacetophenone and chloropicrin in the Donetsk People’s Republic. Moscow claims Kyiv is plotting a chemical leak at an ammonia facility to frame Russia for an environmental disaster. These escalating accusations mark a new, dangerous front in the conflict, raising international concerns over chemical warfare.
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A Russian 500-kg aerial bomb reduced a bustling shopping center in Ukraine's Donetsk Oblast to rubble, killing two and injuring at least 28 on July 16. The heart of Dobropillia city was targeted in a broad daylight strike that left more than 54 shops destroyed, over 300 apartments damaged, and multiple cars obliterated. A massive fire erupted after the impact, prompting an urgent response from emergency crews.
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Putin launched a wave of kamikaze drone strikes on Zelensky’s hometown, Kryvyi Rih, plunging the city into chaos. Meanwhile, Kharkiv was rocked by 17 powerful explosions within just 20 minutes, marking one of the most intense overnight assaults in recent weeks. The attacks underscore Russia’s unrelenting aggression and the growing vulnerability of Ukrainian urban centers.
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On July 17, Ukrainian troops raised national flags in the eastern villages of Yalta and Voskresenka, located near the Donetsk-Dnipropetrovsk border—territories Russia had already claimed to have captured.
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In a dramatic escalation, Russia’s Aerospace Forces have struck two key Ukrainian military sites in coordinated aerial attacks. A devastating FAB-1500 high-explosive bomb targeted a temporary deployment area of Ukraine’s elite 25th Separate Airborne Brigade near Rodinskoye in the Donetsk People's Republic, reportedly causing massive destruction. Simultaneously, a light air-to-surface guided missile precisely hit the UAV command post of the 39th Separate Coastal Defence Brigade near Olgovka in the Kherson region.
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Former U.S. President Donald Trump has issued a stern warning to Russian President Vladimir Putin, setting a 50-day deadline to end the war in Ukraine or face sweeping consequences. Trump threatened "very steep tariffs" and harsh secondary sanctions on countries buying Russian oil. The proposed sanctions aim to criple Russia’s economy and isolate it globally. Trump’s ultimatum, delivered with unmistakable clarity, signals a possible escalation in economic warfare if Moscow refuses to agree to a ceasefire within the time limit.
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