Joint statement by Kuwait, UAE, Saudi Rrabia, Bahrain, and Jordan calls on Iraq to take necessary measures to stop attacks launched against neighbouring countries from Iraqi territory

This joint statement from Gulf states underscores rising regional tensions, highlighting security concerns regarding Iraq's control over its territory. Such developments could lead to increased geopolitical risk, potentially impacting oil prices and creating volatility in regional currencies. Traders should watch for responses in oil markets and potential safe-haven flows in the wake of these escalating tensions.