Sirens sounded in Kuwait and Bahrain, Al Arabiya reports
Newsquawk Staff ·
Sirens sounded in Kuwait and Bahrain, Al Arabiya reports.
What it means
The report of sirens sounding in Kuwait and Bahrain raises concerns about potential military escalations in the region. This could lead to a spike in oil prices and strengthen safe-haven assets like gold and the USD, as uncertainty typically drives investors towards lower-risk options. Traders should position for volatility as market sentiment may react strongly to developments around this situation.
Sources
- Saudi Arabia has launched a "raid" on eastern Taiz within Yemen, Sabereen reports
- Newsquawk Daily European Opening News - 23rd October 2026
- Russia's Defence Ministry says Russia hit a railcar depot in the Poltava region in Ukraine and a cargo vessel in the Black Sea, while it also hit the Port of Vilkovo in the Odesa region
- Ukraine energy company DTEK says a Russian attack hit one of its power stations
- Ukraine seeks to move customs checks inside the EU to avoid Russian drones, with Kyiv in discussions with Poland and Slovakia about moving customs checks into their territories to try and make trucks safer, according to FT
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