Most Gulf sovereign bond prices have rebounded since Iran and the US announced a tentative ceasefire on April 8, indicating investor confidence in the strength of regional economies and optimism that the conflict will not harm issuers’ finances in the long term. Long considered safe havens within emerging markets thanks to their stable governments, hefty energy revenues and dollar pegs, five of the six Gulf countries – Bahrain apart – are rated investment grade by credit ratings agencies. [...]