Bahrain

COMMENT: Iran's bankruptcy is its best weapon against the wealthy Gulf states

bne IntelliNews March 13, 2026

Gulf oil producers have lost an estimated $15.1bn in energy revenues since the war with Iran began, with $10.7bn in crude and LNG cargoes stranded inside the Strait of Hormuz.

Middle East conflict drains $600mn a day from regional tourism

bne IntelliNews March 12, 2026

The Iran conflict is costing the Middle East tourism economy $600mn a day, WTTC said, with 4mn passengers stranded, 80,000 Dubai bookings cancelled and the region's $207bn annual visitor spending forecast now at serious risk.

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