Middle East stocks and oil prices plummet in wake of Trump tariffs shock

A combination of newly imposed tariffs by the US and plummeting oil prices has caused a major decline in stock markets in the Middle East. Saudi Arabia’s Tadawul stock exchange fell by nearly 7 percent on Sunday, while Qatar’s QE exchange dropped 4.2 percent, and Kuwait’s primary index fell 5.7 percent. There were also drops in stock markets in Bahrain, the United Arab Emirates, Lebanon, Israel, Jordan and Egypt (Read more at Middle East Eye).