Bloomberg Daybreak: Europe Edition Iran Attacks Sweep Gulf, US OK’s Russia-India Oil, Dubai Braces For Fallout
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Mar 6, 2026 Trevor Williams, former Lloyds Bank chief economist, offers economic perspective. Honor Ant, Bloomberg’s MENA managing editor, provides on-the-ground security reporting. They discuss Iran’s missile and drone strikes across the Gulf. They cover the US waiver allowing more Russian oil to India. They examine risks to Dubai and regional markets amid escalating conflict and AI’s emerging military role.
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Iran Expands Attacks Across The Gulf
- Iran launched a new barrage of missiles and drones at least five Gulf countries, expanding the war beyond Israel and Tehran.
- The strikes prompted shelter warnings, US embassy suspension in Kuwait, and Israel's 12th wave of bombings on Tehran overnight.
US Clears Short Term Russian Oil Flow To India
- The US granted India a temporary waiver to import Russian oil through April 4 to ease immediate supply pressures.
- The move unlocks tankers near India and aims to stabilise refining after cuts from sanctions pressure.
Gulf Hubs Face Strategic Reputational Risk
- Gulf financial hubs like Dubai and Abu Dhabi face reputational risk as regional conflict threatens their low-tax investment appeal.
- Proximity to repeated attacks and potential UAE freezes on Iranian assets could dismantle Tehran's financial lifelines.