From Amina Maryam

July 14 (Reuters) - Gulf stocks closed little changed on Monday, pressured by renewed tensions over the U.S. tariff war, but some investors hoped President Donald Trump would not follow through on his threats.

Trump said on Saturday he would impose a 30 percent tariff on most imports from the European Union and Mexico starting August 1, although talks are still ongoing.

The European Union announced an extension of the suspension of its retaliatory measures against US tariffs until early next month.

The Saudi index fell 0.4 percent, extending the previous session's losses, with shares of Saudi Arabian Mining Company (Ma'aden) falling 1.1 percent.

ACWA Power shares rose 0.6 percent after signing clean energy agreements worth $8.3 billion, helping to limit the decline in the main index.

Most sectors ended the session in decline, said Joseph Dahrieh, Managing Director at Tickmill.

"However, the Saudi market is still capable of recovering, depending on further positive business results in the second quarter of the year and continued rise in oil prices," he added.

Dubai's main index closed little changed but touched a 17-year high during the session, as mixed sector performance and caution ahead of earnings announcements kept trading subdued.

The Abu Dhabi index ended the session unchanged.

Investors are currently awaiting US inflation data for June, scheduled for release on Tuesday, for clues on the path of US monetary policy. Markets currently anticipate a rate cut of approximately 50 basis points by December.

Monetary policy in the Gulf region is influenced by decisions made by the Federal Reserve (the US central bank), given that most of the region's currencies are pegged to the dollar.

The Qatari index fell 0.6 percent, with most stocks declining. Qatar Islamic Bank's stock recorded the largest decline, falling 1.3 percent, its biggest drop in nearly a month.

Bahrain's main index fell 0.4 percent, while Oman's index rose 0.1 percent, while Kuwait's index remained unchanged.

Outside the Gulf region, Egypt's blue-chip index rose 2 percent, boosted by a 3.4 percent rise in Commercial International Bank.

(Prepared by Abdel Hamid Makkawi for the Arabic edition - Edited by Mahmoud Reda Murad)