Monitoring Desk

NEW YORK: The escalating US-Israeli war against Iran has entered its 8th day on March 7, 2026, with intensified airstrikes targeting Iranian regime infrastructure in Tehran and Hezbollah assets in southern Beirut, while Iran’s retaliatory missile and drone attacks have significantly declined.

In the Gulf, three of the region’s four major economies—Saudi Arabia, the UAE, Kuwait, and Qatar (with one unnamed)—have jointly discussed severe budgetary strains from the war. A Gulf official told that this could prompt reviews of overseas investments, including pledges to foreign states or companies, sports sponsorships, business contracts, and potential sales of holdings.

 Countries are also examining force majeure clauses in existing deals to alleviate economic pressure, as Iranian drone and missile strikes have hit regional targets, including US bases, Amazon cloud facilities in the UAE and Bahrain, and energy assets, heightening global concerns over oil supply stability.