The bloc's condemnation adds to concern that Gulf security tensions could disrupt oil markets, complicate economic diversification plans and weigh on regional crypto ambitions.
The Gulf Cooperation Council condemned Iranian drone attacks on Bahrain, adding to concern that rising regional tensions could spill into global oil markets and shift policy focus from economic diversification toward security. The episode also highlights how renewed instability in the Gulf can complicate ambitions tied to digital assets and broader crypto development, as governments and investors reassess geopolitical risk.