Iran’s biggest Gulf Arab neighbors are considering joining the US-Israeli war against Iran, and could be pushed to if Tehran attacks their critical infrastructure, according to Bloomberg citing sources
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Kazakhstan energy minister says country has not had any meetings with OPEC+ when asked whether OPEC+ could release more barrels amid Iran war
Kazakhstan energy minister says country has not had any meetings with OPEC+ when asked whether OPEC+ could release more barrels amid Iran war
Iran’s biggest Gulf Arab neighbors are considering joining the US-Israeli war against Iran, and could be pushed to if Tehran attacks their critical infrastructure, according to Bloomberg citing sources
US Senator Banks has urged Commerce Secretary Lutnick to reconsider NVIDIA (NVDA) export licenses; US Senator Warren also signed the letter to Lutnick
Newsquawk European Market Wrap - 24th March 2026
On the Newsquawk feed at , 20 minutes before this page.
- Saudi Arabia and the UAE in particular are losing patience with Iranian strikes
- They would only join the war if Tehran makes good on its threats to attack vital Gulf power and water infrastructure, Bloomberg says
Context
The potential escalation of hostilities between Iran and its Gulf neighbors, particularly Saudi Arabia and the UAE, adds significant geopolitical risk to the region. This situation could impact energy markets, specifically crude oil prices, if military action disrupts infrastructure or supply routes, thereby increasing volatility in WTI and related commodities.
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