Formula 1 (F1) Cancels Grands Prix Races in Bahrain (10th to 12th April 2026) & Saudi Arabia (17th to 19th April 2026) Due to Ongoing War Between United States-Israel & Middle East Country Iran

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Formula 1 (F1) Cancels Grands Prix Races in Bahrain (10th to 12th April 2026) & Saudi Arabia (17th to 19th April 2026) Due to Ongoing War Between United States-Israel & Middle East Country Iran

15th March 2026 | Hong Kong

Formula 1 (F1) has announced the cancellation of Grands Prix races in Bahrain (10th to 12th April 2026) & Saudi Arabia (17th to 19th April 2026), due to ongoing war between United States-Israel & Middle East country Iran.  Announcement (15/3/26): “It has been confirmed today that, after careful evaluations, due to the ongoing situation in the Middle East region, the Bahrain and Saudi Arabian Grands Prix will not take place in April.  While several alternatives were considered, it was ultimately decided that no substitutions will be made in April.  The Formula 2, Formula 3 and F1 ACADEMY rounds will also not take place during their scheduled times.  The decision has been taken in full consultation with the FIA and respective promoters.”  In 2026 March, United States International Development Finance Corporation announced to provide $20 billion reinsurance program for oil tankers & maritime traffic in Iran-UAE-Oman Strait of Hormuz (Sea passage between Persian Gulf to open ocean), which is bordered by Iran, UAE & Oman.  20% of global oil consumption deliveries pass through the Strait of Hormuz.  In 2026 March, Iran had used drones to attack UAE-based Amazon data centers, causing disruptions to services of banks (Emirates NBD, ADCB), payments platforms (Alaan, Hubpay), consumer apps & software providers.  In 2026 March, top banks including Citigroup, Goldman Sachs & Morgan Stanley are allowing their staff in United Arab Emirates (UAE) to temporarily exit UAE, and work remotely after Iran attacked UAE with missiles & drones.  In 2026 March, global banks are reviewing loan exposure to Middle East companies including to Middle East government entities & sovereign wealth funds.  The top 10 largest companies in Middle East are Saudi Aramco, International Holding Company (IHC), QNB Group, Saudi National Bank (SNB), alrajhi bank, Emirates NBD Group, First Abu Dhabi Bank (FAB), stc Group, Kuwait Finance House (KFH) & Abu Dhabi Commercial Bank (ADCB).  In 2026 February, United States & Israel launched a joint air-attack on Middle East country Iran on 28th February 2026 (Saturday).  Middle East airspace has been shut down. Iran GDP is at $475 billion, and has around 93 million population.  The top 5 largest oil producers in the world are United States, Saudi Arabia, Russia, Canada & Iran.  In 2026 March, UAE stock exchanges (Dubai Financial Market Abu Dhabi Securities Exchange & Nasdaq Dubai) reopened on 4th March 2026 (Wednesday), after a 2-day suspension (2/3/26 to 3/3/26).  In 2026 March, United Arab Emirates (UAE) authorities announced to pay for hotel stays & meals expenses of around 20,000 stranded travellers, due to shut down of Middle East airspace after United States & Israel launched joint air-attack on Middle East country Iran.  

“ Formula 1 (F1) Cancels Grands Prix Races in Bahrain (10th to 12th April 2026) & Saudi Arabia (17th to 19th April 2026) Due to Ongoing War Between United States-Israel & Middle East Country Iran“

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United States International Development Finance Corporation to Provide $20 Billion Reinsurance Program for Oil Tankers & Maritime Traffic in Iran-UAE-Oman Strait of Hormuz (Sea Passage Between Persian Gulf to Open Ocean) Which is Bordered by Iran, UAE & Oman, 20% of Global Oil Consumption Deliveries Pass Through Strait of Hormuz

10th March 2026 – United States International Development Finance Corporation has announced to provide $20 billion reinsurance program for oil tankers & maritime traffic in Iran-UAE-Oman Strait of Hormuz (Sea passage between Persian Gulf to open ocean), which is bordered by Iran, UAE & Oman.  20% of global oil consumption deliveries pass through the Strait of Hormuz.  In 2026 March, Iran had used drones to attack UAE-based Amazon data centers, causing disruptions to services of banks (Emirates NBD, ADCB), payments platforms (Alaan, Hubpay), consumer apps & software providers.  In 2026 March, top banks including Citigroup, Goldman Sachs & Morgan Stanley are allowing their staff in United Arab Emirates (UAE) to temporarily exit UAE, and work remotely after Iran attacked UAE with missiles & drones.  In 2026 March, global banks are reviewing loan exposure to Middle East companies including to Middle East government entities & sovereign wealth funds.  The top 10 largest companies in Middle East are Saudi Aramco, International Holding Company (IHC), QNB Group, Saudi National Bank (SNB), alrajhi bank, Emirates NBD Group, First Abu Dhabi Bank (FAB), stc Group, Kuwait Finance House (KFH) & Abu Dhabi Commercial Bank (ADCB).  In 2026 February, United States & Israel launched a joint air-attack on Middle East country Iran on 28th February 2026 (Saturday).  Middle East airspace has been shut down. Iran GDP is at $475 billion, and has around 93 million population.  The top 5 largest oil producers in the world are United States, Saudi Arabia, Russia, Canada & Iran.  In 2026 March, UAE stock exchanges (Dubai Financial Market Abu Dhabi Securities Exchange & Nasdaq Dubai) reopened on 4th March 2026 (Wednesday), after a 2-day suspension (2/3/26 to 3/3/26).  In 2026 March, United Arab Emirates (UAE) authorities announced to pay for hotel stays & meals expenses of around 20,000 stranded travellers, due to shut down of Middle East airspace after United States & Israel launched joint air-attack on Middle East country Iran.  

Iran Using Drones to Attack UAE-Based Amazon Data Centers Causing Disruptions to Digital Services of Banks (Emirates NBD, ADCB), Payments Platforms (Alaan, Hubpay), Consumer Apps & Software Providers

10h March 2026 – Iran had used drones to attack UAE-based Amazon data centers, causing disruptions to services of banks (Emirates NBD, ADCB), payments platforms (Alaan, Hubpay), consumer apps & software providers.  In 2026 March, top banks including Citigroup, Goldman Sachs & Morgan Stanley are allowing their staff in United Arab Emirates (UAE) to temporarily exit UAE, and work remotely after Iran attacked UAE with missiles & drones.  In 2026 March, global banks are reviewing loan exposure to Middle East companies including to Middle East government entities & sovereign wealth funds.  The top 10 largest companies in Middle East are Saudi Aramco, International Holding Company (IHC), QNB Group, Saudi National Bank (SNB), alrajhi bank, Emirates NBD Group, First Abu Dhabi Bank (FAB), stc Group, Kuwait Finance House (KFH) & Abu Dhabi Commercial Bank (ADCB).  In 2026 February, United States & Israel launched a joint air-attack on Middle East country Iran on 28th February 2026 (Saturday).  Middle East airspace has been shut down. Iran GDP is at $475 billion, and has around 93 million population.  The top 5 largest oil producers in the world are United States, Saudi Arabia, Russia, Canada & Iran.  In 2026 March, UAE stock exchanges (Dubai Financial Market Abu Dhabi Securities Exchange & Nasdaq Dubai) reopened on 4th March 2026 (Wednesday), after a 2-day suspension (2/3/26 to 3/3/26).  In 2026 March, United Arab Emirates (UAE) authorities announced to pay for hotel stays & meals expenses of around 20,000 stranded travellers, due to shut down of Middle East airspace after United States & Israel launched joint air-attack on Middle East country Iran.  

Top Banks Including Citigroup, Goldman Sachs & Morgan Stanley Allow Staff in United Arab Emirates (UAE) to Temporarily Exit UAE & Work Remotely after Iran Attacked UAE with Missiles & Drones

10h March 2026 – Top banks including Citigroup, Goldman Sachs & Morgan Stanley are allowing their staff in United Arab Emirates (UAE) to temporarily exit UAE, and work remotely after Iran attacked UAE with missiles & drones.  In 2026 March, global banks are reviewing loan exposure to Middle East companies including to Middle East government entities & sovereign wealth funds.  The top 10 largest companies in Middle East are Saudi Aramco, International Holding Company (IHC), QNB Group, Saudi National Bank (SNB), alrajhi bank, Emirates NBD Group, First Abu Dhabi Bank (FAB), stc Group, Kuwait Finance House (KFH) & Abu Dhabi Commercial Bank (ADCB).  In 2026 February, United States & Israel launched a joint air-attack on Middle East country Iran on 28th February 2026 (Saturday).  Middle East airspace has been shut down. Iran GDP is at $475 billion, and has around 93 million population.  The top 5 largest oil producers in the world are United States, Saudi Arabia, Russia, Canada & Iran.  In 2026 March, UAE stock exchanges (Dubai Financial Market Abu Dhabi Securities Exchange & Nasdaq Dubai) reopened on 4th March 2026 (Wednesday), after a 2-day suspension (2/3/26 to 3/3/26).  In 2026 March, United Arab Emirates (UAE) authorities announced to pay for hotel stays & meals expenses of around 20,000 stranded travellers, due to shut down of Middle East airspace after United States & Israel launched joint air-attack on Middle East country Iran.  

Global Banks Review Loan Exposure to Middle East Companies Including to Middle East Government Entities & Sovereign Wealth Funds, Top 10 Largest Companies in Middle East are Saudi Aramco, International Holding Company (IHC), QNB Group, Saudi National Bank (SNB), alrajhi bank, Emirates NBD Group, First Abu Dhabi Bank (FAB), stc Group, Kuwait Finance House (KFH) & Abu Dhabi Commercial Bank (ADCB)

5th March 2026 – Global banks are reviewing loan exposure to Middle East companies including to Middle East government entities & sovereign wealth funds.  The top 10 largest companies in Middle East are Saudi Aramco, International Holding Company (IHC), QNB Group, Saudi National Bank (SNB), alrajhi bank, Emirates NBD Group, First Abu Dhabi Bank (FAB), stc Group, Kuwait Finance House (KFH) & Abu Dhabi Commercial Bank (ADCB).  In 2026 February, United States & Israel launched a joint air-attack on Middle East country Iran on 28th February 2026 (Saturday).  Middle East airspace has been shut down. Iran GDP is at $475 billion, and has around 93 million population.  The top 5 largest oil producers in the world are United States, Saudi Arabia, Russia, Canada & Iran.  In 2026 March, UAE stock exchanges (Dubai Financial Market Abu Dhabi Securities Exchange & Nasdaq Dubai) reopened on 4th March 2026 (Wednesday), after a 2-day suspension (2/3/26 to 3/3/26).  In 2026 March, United Arab Emirates (UAE) authorities announced to pay for hotel stays & meals expenses of around 20,000 stranded travellers, due to shut down of Middle East airspace after United States & Israel launched joint air-attack on Middle East country Iran.  

UAE Stock Exchanges (Dubai Financial Market Abu Dhabi Securities Exchange & Nasdaq Dubai) Reopen on 4th March 2026 (Wednesday) after 2-Day Suspension (2/3/26 to 3/3/26), United States & Israel Launched Air-Attack on Middle East Country Iran on 28th February 2026

4th March 2026 – UAE stock exchanges (Dubai Financial Market Abu Dhabi Securities Exchange & Nasdaq Dubai) have reopened on 4th March 2026 (Wednesday), after a 2-day suspension (2/3/26 to 3/3/26).  In 2026 February, United States & Israel launched a joint air-attack on Middle East country Iran on 28th February 2026 (Saturday).  Middle East airspace has been shut down. Iran GDP is at $475 billion, and has around 93 million population.  The top 5 largest oil producers in the world are United States, Saudi Arabia, Russia, Canada & Iran.  In 2026 March, United Arab Emirates (UAE) authorities announced to pay for hotel stays & meals expenses of around 20,000 stranded travellers, due to shut down of Middle East airspace after United States & Israel launched joint air-attack on Middle East country Iran.  

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