Stocks hit by Iran-Israel fears, containment hopes stem losses ...Kuwait

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Equities retreated on Monday after Iran ramped up Middle East tensions by launching a retaliatory attack of missiles and drones at Israel over the weekend, fuelling fears of a wider conflict in the volatile region. However, while Israel called the attack – which Tehran said was in response to a strike on its Syrian embassy – an escalation of hostilities, analysts said there was hope among traders that the crisis could be contained. That sliver of optimism helped drag oil prices lower. Saturday's bombardment of more than 300 ballistic and cruise missiles and attack drones – which were mostly repelled by air defences – compounded worries about the outlook for US interes

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