Purpose: An oil economy is usually driven by an economy, and economic performance is explained by following the stock market performance. Although some studies have aimed at the oil prices-stock market nexus and how various developments affect the nexus, a gap still exists in studies carried out in GCC countries. This work seeks to harness how the two significant world shocks, including the COVID-19 pandemic and the Russia-Ukraine War, have influenced the oil prices-stock market nexus in the GCC