Political risk RegionMiddle East Impact Notable
Gulf bourses rise as Saudi defence pact countries push for peace
What happened
Gulf bourses rose as Saudi defence pact countries push for peace. Saudi, Pakistani, Iranian and Turkish security chiefs met in Tehran and agreed to continue talks. Iran's security chief met the Supreme Leader after the talks. Qatar says Iran needs to show good intentions for mediation efforts to succeed.
What it means for markets
Gulf bourses rose on optimism from the diplomatic push. US stock futures also gained as oil pulled back, suggesting the talks are easing supply fears. Continued progress could support equities and keep oil under pressure.
AssetExpectedMove since first report
Crude oil USO Oil pulled back as Middle East diplomacy efforts eased supply fears
▼ Down
-0.41% 169.53 (2026-10-23) → 168.83 (2026-10-30)
S&P 500 SPY US stock futures gained as oil pulled back ahead of Fed decision
▲ Up
-0.56% 759.97 (2026-10-23) → 755.72 (2026-10-30)
What to watch
- Iran's response to Qatar's call for good intentions
- Any further meetings among the four powers
Source timeline
- Reuters Qatar says Iran needs to show good intentions for mediation efforts to succeed
- Reuters Iran security chief meets Supreme Leader after talks with Mecca pact countries
- Reuters US stock futures gain as oil pulls back ahead of Fed decision
- Reuters Gulf bourses rise as Saudi defence pact countries push for peace
- Reuters Stocks rise and oil slips on Middle East diplomacy efforts ahead of Big Tech earnings
- investingLive Saudi, Pakistani, Iranian and Turkish security chiefs sit down in Tehran, agree to continue talks
- Reuters Top officials from Mecca pact countries to meet Iranian officials in Tehran on Monday, two sources say