As the ceasefire agreement between the US and Iran encounters obstacles, Dubai leads the decline in most major Gulf markets

```htmlGolden Ten Data reported on July 8 that, amid concerns about the US-Iran ceasefire agreement, the Dubai stock market led the decline in most major Gulf markets. US President Trump stated that after Iran launched a new round of attacks on vessels in the Strait of Hormuz, he believes his ceasefire agreement with Iran has ended. XTB MENA market analyst Milad Azar said that the sharp declines in the UAE and Qatar stock markets reflect a reassessment of geopolitical risks rather than changes in economic fundamentals. He noted that escalating regional tensions are prompting investors to reduce their exposure, leading to widespread sell-offs in financial and blue-chip stocks. The Dubai Financial Market General Index fell by 1.5%, the Qatar QE Index dropped 0.8%, and the Abu Dhabi benchmark index declined 0.6%.```