India, Sept. 5 -- The economic impact of the war in the Middle East is spreading beyond the battlefield, with rising energy costs, higher borrowing expenses and growing security concerns putting pressure on governments across the UK and the Gulf.

Britain faces a difficult Budget as the war adds to inflation and borrowing pressures. Meanwhile, Washington has approved a potential $5 billion weapons package for Saudi Arabia and expanded financial sanctions targeting Iran-linked networks.

Qatar has retained its AA credit rating from Fitch, although the agency continues to flag risks to LNG exports because of disruption around the Strait of Hormuz.

US-Israel-Iran War Live News: UK Chancellor Warns Iran War Will Put More Pressure on Economy...