Saudi shares look subdued as recovering oil flows through the region ease some supply worries, though mixed signals on US-Iran tensions keep traders cautious. Tanker loadings resum
Saudi shares look subdued as recovering oil flows through the region ease some supply worries, though mixed signals on US-Iran tensions keep traders cautious. Tanker loadings resumed from Yanbu after the East-West Pipeline restart, a tangible step for oil exports, while domestic fundamentals offer support with unemployment falling in the second quarter and Vision 2030 programs reported well along their targets. The fiscal picture still shows spending running ahead of revenue, so the market sits between improving local data and an unresolved geopolitical backdrop.
Sources
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