# Gulf equity markets ended Sunday with mixed results as renewed geopolitical tensions over the Strait of Hormuz weighed on investor sentiment.

*fintech · news · 2026-04-19 · NDTV Profit*

## Key points

- Iranian armed forces turned back two tankers in the Strait of Hormuz on Sunday.
- Tehran has re-closed the Strait of Hormuz, tightening control of the key energy route.
- President Trump labeled Tehran's move as 'blackmail' and referenced a serious ceasefire violation.
- Talaat Moustafa Group announced The Spine project in Madinaty, valued at over $27 billion.
- TMG expects The Spine to generate EGP 50 billion in annual recurring revenue at maturity.

**Companies:** Talaat Moustafa Group Holding (TMG)
**Countries:** Saudi Arabia, Egypt, Iran

[Read the full story on NDTV Profit](https://www.ndtvprofit.com/world/gulf-equities-end-mixed-following-trumps-serious-violation-claim-and-hormuz-standoff-11379383)

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