Most Gulf equities in red as Iran escalates regional attacks | Reuters

Most stock markets in the Gulf ended lower on ​Thursday, with the Dubai index leading losses as Iran escalated attacks on oil and transport ‌infrastructure across the Middle East, fuelling concern over a potentially prolonged conflict. Iran said the world should be ready for oil priced at $200 a barrel after its forces attacked merchant vessels on Wednesday. Meanwhile, the International Energy Agency called for large-scale release of ​strategic reserves to cushion what could become one of the worst oil shocks since the ​1970s.