Bahrain’s Interior Ministry has activated air raid sirens and advised residents to remain calm and seek shelter, according to social media reports. This development is part of an ongoing escalation between Iran and the United States in the Gulf region. U.S. strikes on Iran and frequent Iranian attacks on Gulf states, including Bahrain, have been reported over the past week. Market pricing reflects a 52% probability of Iranian military action before July 24, indicating heightened risk perceptions in the region.
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