Gulf Stocks Tumble Amid Rising US–Iran Tensions

Investors monitor a screen with stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia, on Dec. 11, 2019. Reuters/Ahmed Yosri

Stocks in the Persian Gulf plunged in trading on Jan. 5, as tensions between the United States and Iran roiled markets following the killing of a top Iranian military commander.

Gen. Qassem Soleimani, the architect of Tehran’s overseas military operations, was killed early on Jan. 3 in a U.S. drone strike on his convoy at Baghdad’s airport.