From Atiq Sharif

May 3 (Reuters) - Most Gulf stock markets ended higher on Sunday, but gains were limited by uncertainty surrounding a possible deal between the United States and Iran, after U.S. President Donald Trump said he was waiting for the final text and warned that strikes could resume.

A senior Iranian official said Tehran had proposed a plan, which Trump has so far rejected, that would restore navigation in the Strait of Hormuz and lift the US naval blockade on Iran, while postponing negotiations on Iran’s nuclear program to a later stage.

The Saudi index rose 0.1 percent, driven by a 2.5 percent gain in shares of Saudi Arabian Mining Company (Ma'aden). However, shares of Aramco fell 0.9 percent.

Brent crude futures for July delivery settled at $108.17 a barrel, down $2.23 a barrel or 2.02 percent, after news emerged that Iran had submitted a new proposal to end the war.

The Qatari index rose 0.4 percent, boosted by a 1.4 percent increase in shares of Qatar National Bank.

The index rose 0.2 percent in Bahrain and 0.6 percent in Kuwait, but fell slightly in Oman by 0.1 percent.

Outside the Gulf region, Egypt's benchmark index rose 1.1 percent, with Commercial International Bank's shares gaining 0.7 percent.