1219 GMT - The cost of insuring Middle Eastern nations' debt against default rises due to the flare-up of conflict in the region as investors worry about the impact of the prolonged conflict on Gulf countries. "A fresh exchange of strikes between [the U.S. and Iran] is testing the fragile ceasefire and forcing a reassessment of the chances of a near-term agreement," AJ Bell's Russ Mould says in a note. The Emirate of Abu Dhabi's credit default swap spreads rise 1 basis point to 44 bps, S&P Global Market Intelligence data show. The Emirate of Dubai's CDS spreads climb 1 bp to 78 bps. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 28, 2026 08:19 ET (12:19 GMT)
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