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1 revisions for "Banks Flee the Gulf: How Iran's Threat to Target Financial Institutions Is Reshaping the Middle East's Economic Landscape"

#1
Anonymous22 days ago

Major international banks including HSBC, Citigroup, Standard Chartered, and Goldman Sachs have evacuated offices and shuttered branches across the UAE and Qatar after Iran's military command declared U.S. and Israeli-linked financial institutions "legitimate targets." The unprecedented exodus from the Gulf's financial hubs — triggered by an airstrike on Iran's Bank Sepah that disrupted IRGC salary payments — threatens to undermine decades of economic diversification in the region, as oil prices surge past $94 per barrel and the IEA announces a record 400-million-barrel emergency reserve release.

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