'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs

Video Credit: Oneindia
Published on April 7, 2025 - Duration: 03:03s

'Oil Over Panic': Saudi Arabia’s Markets Climb Despite Global Stocks Plunge After Trump Tariffs

As global stock markets reel from a historic downturn—fueled by U.S. tariffs and heightened recession fears—Saudi Arabia stands out as an unexpected outlier.

On Monday, the Tadawul All Share Index (TASI) climbed 0.67%, closing at 11,191.20, up from 11,077.19 a day earlier.

The gain comes despite a worldwide stock sell-off triggered by economic uncertainty.

The positive momentum in Saudi markets is being linked to Saudi Aramco’s strategic decision to slash oil prices by $2.30 per barrel, boosting investor confidence and projecting increased global demand for Saudi crude.

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Tadawul All-Share Index

Saudi stock market index

Saudi Aramco

Saudi Arabian state-owned petroleum company

Ukraine

Country in Eastern Europe
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