Home Business Gulf markets plunge on U.S.-Iran tensions, Aramco at lowest since IPO Business Gulf markets plunge on U.S.-Iran tensions, Aramco at lowest since IPO By Genpie - January 5, 2020 114 0 Facebook Twitter Google+ Pinterest WhatsApp Kuwaiti and Saudi stocks led Gulf stocks sharply lower in late afternoon trade on Sunday in the wake of a U.S. drone strike in Baghdad that killed Iran’s military commander.