The situation worsened after the outbreak of the Corona Omicron mutant, and the performance of global markets was significantly affected.
According to Arab Net, the Netherlands announced a complete closure to limit the spread of the new mutant in the country, and the decision includes closing all schools and non-essential stores, as well as limiting the number of visitors allowed in homes.
In the United Kingdom, the government is hinting at taking more measures to restrict movement ahead of the Christmas holidays, after the number of corona infections tripled in one day.
In a related context, China revealed two new cases of the omicron mutant in Changsha, central China, while the World Health Organization indicated an outbreak of the omicron mutant in 89 countries so far.
Markets are facing this news in light of the uncertainty related to government decisions regarding closures again.
The decline in trading today, Sunday, overshadowed the performance of the Gulf stock markets.
In the oil markets, prices fell on Friday and also recorded a weekly loss, as the increase in cases of the mutated Omicron strain of the Corona virus raised fears of new restrictions that harm the demand for fuel.
Brent crude futures ended the session down $1.50, or 2%, to $73.52 a barrel, while US West Texas Intermediate crude fell $1.52, or 2.1 percent, to $70.86 a barrel. Brent fell 2.6%, on a weekly basis, and WTI fell 1.3%.
