Iran’s strategy seems to be paying-off; in spreading the war throughout the region so that all countries who allow US bases will feel pain.
A Chinese bank has stopped lending to businesses in Abu Dhabi. All banks are concerned for their investments in the region.
This is huge. Corporations typically pay their bills with credit. Also known as operating expenses. Many businesses use their cash for overnight investments – especially banks.
What this means is that a business in Abu Dhabi who typically borrows to pay their bills, cannot presently pay their employees. They have to scramble, and sell everything they can to get cash.
Businesses in the entire Middle East have been upended.
This is really big. The US will face extreme pressure to end the war, or become a lender as well as an insurance company.
Fog of war.
[this is probably one of the few times in history, the privileged felt what it was like to have bombs rain down on them. AMCE]
[they have stopped lending (cutting potential losses). this does not mean they have called in all loans (forced payment in full) – that will come next. money pressure can be really intense when you worship cash]