• Saudi Arabia’s benchmark index reversed early losses to close 1.4% higher Published November 11, 2026 Updated about 13 hours ago By Reuters Most Gulf markets ended higher on Wednesday, as investors weighed hopes for a pause in the US-Israeli war on Iran against anxiety about shipping risks in the Strait of Hormuz. Investors were assessing signs of de-escalation against shipping risks, but recent strikes on tankersin the Strait and on regional energy infrastructure suggested risks of renewed escalation remained. Saudi Arabia’s benchmark index reversed early losses to close 1.4% higher, with oil major Saudi Aramco advancing 1.6%. “Most Gulf markets inched up as investors assessed ongoing security risks and watched for progress in regional mediation efforts. While some headway was evident, worries about renewed escalation persisted,” said Ranim Turfa, head of research and market analysis, MENA, at Tickmill. “Continued risks to energy flows along crucial shipping routes kept sentiment cautious, with attention centred on credible diplomatic progress.” Elsewhere, Abdullah Al Othaim Markets Co jumped 7.1% after the supermarket operator cut its…