Saudi Aramco shares recorded gains during Sunday's trading session in Riyadh as markets reacted to escalating geopolitical tensions involving Iran. The upward movement comes as investors anticipate a significant spike in crude oil futures when international markets reopen. Market analysts view the performance of the world's largest oil producer as a leading indicator for global energy prices before global exchanges resume activity. The conflict has reintroduced a substantial risk premium into the energy sector due to potential supply disruptions in the Middle East. Consequently, both Brent and WTI futures are expected to open higher following the bullish sentiment observed in the Saudi equity market.
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