Gulf equity markets extend losses as U.S.-Iran accord doubts weigh on sentiment

Major equity markets across the Gulf closed lower on Wednesday, with Saudi Arabia's benchmark index TASI dropping 0.3%.

The sell-off marks a continuation of the previous session's weakness, where the index fell 0.4%, as investor sentiment remains fragile amid geopolitical uncertainty.

The primary headwind is persistent doubt regarding the longevity of the recently reported U.

The primary headwind is persistent doubt regarding the longevity of the recently reported U.S.-Iran accord.

Despite diplomatic overtures and ceasefire announcements, market participants are tempering enthusiasm, citing the complex path toward a final nuclear agreement.

This caution is driving a risk-off posture across regional bourses.

Analysts warn that the gap between diplomatic headlines and on-the-ground reality remains wide.