Iran has conducted repeated drone and missile strikes on Gulf Arab states since the February 2026 US-Israel campaign against Iranian targets, hitting energy infrastructure, airports, and pipelines in Saudi Arabia, the UAE, Qatar, Bahrain, Kuwait, and Oman. Recent verified attacks include precision strikes on Ras Laffan in Qatar, Saudi pipeline facilities, and multiple airport incidents through mid-October, alongside Houthi proxy operations that killed at least 13 at Riyadh’s King Khalid airport in early October. These actions stem from Tehran’s view of GCC states as logistical or political supporters of its adversaries, with ongoing regional escalation risks tied to Hormuz shipping disruptions, potential diplomatic pauses, or further proxy advances in Yemen. Trader sentiment reflects this sustained pattern of retaliation and infrastructure targeting within the past month.