US-Israeli War on Iran Costs Gulf States Billions in Energy Revenue

US-Israeli war on Iran wipes billions off Gulf energy revenues – FT

3/13/2026, 2:20:43 PM en source ↗
Strait of Hormuz & Energy SecurityStrait of Hormuz CrisisUS-Israel War on IranGulf Conflict & Energy MarketsGlobal Oil Supply Crisis

Summary

The US-Israeli military campaign against Iran has wiped billions of dollars off Gulf states' energy revenues, according to the Financial Times. Escalating regional tensions have effectively cut several US allies off from the Strait of Hormuz, a critical chokepoint for global oil exports. The losses underscore the far-reaching economic fallout of the conflict on neighbouring energy-producing nations.

Preview

Preview Gulf states have reportedly lost billions as escalating tensions in the region cut off several US allies from the Strait of Hormuz
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