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🚨 BREAKING: Saudi Arabia and the UAE are taking steps toward joining the war against Iran. (WSJ, confirmed by Bloomberg)
What just happened:
Saudi Arabia gave the US military access to King Fahd Air Base. This is a reversal. They previously said their bases could not be used to attack Iran.
The UAE closed an Iranian-owned hospital and club in Dubai. They're threatening to freeze billions in Iranian holdings, which would cut Tehran off from foreign currency and global trade networks.
Videos show missiles launched from Bahrain.
Saudi Foreign Minister last week: "Any belief that Gulf countries are incapable of responding is a miscalculation."
A source told WSJ: "It is only a matter of time before the kingdom enters the war."
Oil edged higher on the report. US stock futures erased gains.
This war just went from US/Israel vs Iran to a potential GCC coalition vs Iran. The entire geopolitical calculus of the Middle East is shifting in real time.