FILE PHOTO: Demonstrators hold placards depicting Iranian Major-General Qassem Soleimani, during a protest against killing of Soleimani, head of the elite Quds Force, who died in an air strike at Baghdad airport, outside U.S. Consulate in Istanbul, Turkey, January 5, 2020. REUTERS/Murad Sezer/File Photo
LONDON (Reuters) - Bahrain, Qatar and Oman's sovereign ratings would be the most vulnerable to a protracted and wider conflict in the Gulf region following the killing of Iran's top military commander Qassem Soleimani, S&P Global said on Monday.
If tensions continued to escalate, the fiscal boost that could come from higher oil prices would likely be offset by capital outflows and weaker economic growth, a group of S&P's analysts said in a report.
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