From Atiq Sharif

April 28 (Reuters) - Stock markets in the Gulf Arab states closed mixed on Tuesday amid uncertainty surrounding the prospects for ending the two-month-old war between Iran, the United States and Israel.

A U.S. official said that U.S. President Donald Trump is unhappy with the latest Iranian proposal to end hostilities, limiting hopes of reaching an agreement to end a war that has disrupted energy supplies, fueled inflation, and killed thousands of people.

Tehran's latest proposals include postponing discussions on Iran's nuclear program until the end of the war and the resolution of disputes regarding navigation in the Gulf.

The Saudi index rose 0.1 percent, with shares of the National Bank of Saudi Arabia climbing 0.9 percent.

Shares in oil giant Saudi Aramco also rose 0.7 percent.

Brent crude futures for June delivery rose $3.93, or 3.63 percent, to $112.16 a barrel by 1210 GMT.

Daniel Takieddine, co-founder and CEO of Skylinks Capital Group, said, "The rise in oil prices may continue to support the energy sector and contribute to the stability of the rest of the market."

The Qatari index fell 0.2 percent, affected by a 0.7 percent decline in Qatar Islamic Bank.

Meanwhile, the economies of the Gulf Cooperation Council (GCC) countries are heading towards their worst recession since the coronavirus pandemic, with several economies expected to shrink this year due to the indirect effects of the ongoing war in the Middle East.

Dubai's index fell 0.2 percent, weighed down by declines in shares of Emirates NBD Bank (2 percent) and Air Arabia (0.8 percent).

Dubai Investments, whose shares fell 1 percent, is considering an initial public offering of 24 percent of Dubai Investments Park shares and is also assessing the possibility of listing its subsidiaries, including Emirates Glass, with a portion of the proceeds allocated to support its dividend policy.

The Abu Dhabi index rose 0.1 percent.

The UAE today announced its withdrawal from the Organization of the Petroleum Exporting Countries (OPEC) and the OPEC+ alliance, delivering a major blow to both blocs and to Saudi Arabia, the de facto leader of the blocs, at a time when Iran’s war has caused a historic shock to the energy sector and disrupted the global economy.

UAE Energy Minister Suhail Mohamed al-Mazrouei told Reuters that the decision was made after careful consideration of the country's energy strategies. When asked whether the UAE had consulted with Saudi Arabia, he said his country had not raised the issue with any other nation. The minister added, "This is a political decision, taken after careful consideration of current and future policies related to production levels."

Outside the Gulf region, Egypt's blue-chip index fell 0.9 percent.