Mideast Financiers Fearful of Possible US Strike On Iran

Smoke from an Israeli strike in central Tehran on June 15.Photographer: Atta Kenare/AFP/Getty Images

Even against the backdrop of a regional conflict that began in 2023, the Middle East’s main business hubs saw a steady stream of financial workers and firms because the wealthiest Gulf petrostates remained largely insulated.

But as hostilities between Israel and Iran have surged and the possibility of a US strike on Iran has risen, global financiers have become increasingly concerned about potential fallouts in neighboring countries.