Debt-Laden Bahrain’s Bonds Bounce Back From Shock of Iran War
A plume of smoke rises after a reported Iranian strike on fuel tanks in Muharraq, Bahrain, on March 12.
Photographer: Fadhel Madhan/AFP/Getty ImagesBahrain was already having a tough time before the Iran war broke out.
The Persian Gulf nation was contending with a debt burden that equated to about 140% of gross domestic product and limited reserves. Then the kingdom, which hosts the headquarters of the US Naval Forces Central Command, was bombarded with missiles and drones, and the near-closure of the Strait of Hormuz and flight disruptions magnified the damage to its economy.