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: War enters new phase as Israel attack on Iran gasfield sparks Gulf responseDateMarch 19, 2026In relation toAl-JazeeraIran continues intensified attacks across Gulf in US-Israel war falloutDateMarch 14, 2026In relation toAl-JazeeraThe Gulf does not have to choose Iran or IsraelDateMay 18, 2026In relation toAl-Jazeera