$BTC The collapse in the Saudi main market intensified, dropping by 1.68% in today's trading and moving away from the 11,000-point level.

This drop comes amid rising geopolitical tensions due to Washington's decision to allow its community to leave Bahrain and Kuwait amid fears of potential Iranian retaliation.

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President Donald Trump stated that he has become "less confident" in reaching a nuclear deal with Iran, which diminished hopes for a diplomatic solution.

The White House warned that it would consider taking military action if negotiations fail, as the main deadline for response approaches this Thursday.

Meanwhile, the Iranian defense minister threatened that Tehran would target U.S. bases in the region if attacked. For its part, Israel stated that it is ready to strike Iran if it persists with its nuclear weapons.

These developments added geopolitical risk premiums to crude oil prices, as investors fear that any conflict could disrupt shipping routes or oil infrastructure across the Gulf. This has led to declines in most Arab markets such as the Qatar, Muscat, Egypt, and Oman exchanges.

Despite oil prices rising over 4% in Wednesday's trading due to these geopolitical concerns, this did not prevent Aramco's stock (2222) from falling, as it dropped by 0.64% to 24.76 riyals per share. Americana shares also fell for the second consecutive day, dropping to 2.13 riyals, down by 3.16%.