Caught in the crossfire: US-Israel war on Iran fractures Gulf economies As Hormuz chokes and defence costs soar, Gulf states absorb crippling financial fallout of the US-Israel war on Iran.Share this: Iran live: Israel bombs Tehran oil depots; attacks on Gulf states continueDateMarch 7, 2026In relation toAl-JazeeraIran fires more missiles, drones across Gulf region amid US-Israeli attacksDateMarch 5, 2026In relation toAl-JazeeraIran strikes US military base in Bahrain as explosions heard across GulfDateFebruary 28, 2026In relation toAl-Jazeera