The Bahrain and Saudi Arabian Grand Prix, scheduled for April, have been cancelled due to the ongoing Iran war, Formula 1 and its governing body the Fédération The Bahrain and Saudi Arabian Grand Prix, scheduled for April, have been cancelled due to the ongoing Iran war, Formula 1 and its governing body the Fédération

Bahrain and Saudi Grand Prix scrapped over Iran war

2026/03/15 16:29
2 min read
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

The Bahrain and Saudi Arabian Grand Prix, scheduled for April, have been cancelled due to the ongoing Iran war, Formula 1 and its governing body the Fédération Internationale de l’Automobile (FIA), have confirmed.

The Bahrain and Saudi Arabian Grand Prix were scheduled for April 12 and April 19 respectively.

Although several alternatives were considered, Formula 1 “ultimately decided that no substitutions would be made in April”. 

“While this was a difficult decision to take, it is unfortunately the right one at this stage considering the current situation in the Middle East,” F1 president and CEO Stefano Domenicali said.

Saudi Arabia hosted its first Grand Prix in Jeddah in 2021. Last year tourism minister Ahmed Al Khateeb said the event had created 20,000 jobs and created SAR900 million of economic impact.

Iran has targeted Saudi Arabia and Bahrain in retaliatory attacks following US and Israeli strikes on Tehran on February 28, which killed supreme leader Ayatollah Khomeini. 

Earlier this month Simon Chadwick, professor of AfroEurasian sport at Emlyon Business School and AGBI columnist, said that it’s difficult to see the race taking place given Bahrain’s geographic exposure.

Further reading:

  • Bahrain GP expected to be cancelled due to Iran war
  • Middle East tourism losing $600m a day in Iran war
  • Iran conflict tests Bahrain’s fragile finances

Kieran Maguire, a UK sports economist, added: “F1 is a huge logistical exercise to begin with and there will be no guarantee that you’ll be able to move the cars and everything that goes with them from one part of the world.”

The cancellations will result in a five-week gap between the Japanese Grand Prix on March 29 and the Miami Grand Prix on May 3.

In addition the Formula 2, Formula 3 and F1 Academy rounds will not take place during their scheduled times, the statement said.

The Gulf is also home to the Qatar and Abu Dhabi Grands Prix, which are held towards the end of the F1 calendar.  

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.000378
$0.000378$0.000378
-1.86%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Sonic jumps 11% as Binance stakes 76mln tokens – Can S flip $0.05?

Sonic jumps 11% as Binance stakes 76mln tokens – Can S flip $0.05?

The post Sonic jumps 11% as Binance stakes 76mln tokens – Can S flip $0.05? appeared on BitcoinEthereumNews.com. The past 24 hours have been green for the entire
Share
BitcoinEthereumNews2026/03/15 20:13
PHL seeking $280-million ADB loan for semiconductor development

PHL seeking $280-million ADB loan for semiconductor development

THE PHILIPPINES is seeking a $280-million loan from Manila-based Asian Development Bank (ADB) to finance research into the domestic production of semiconductors
Share
Bworldonline2026/03/15 19:54
First Multi-Asset Crypto ETP Opens Door to Institutional Adoption

First Multi-Asset Crypto ETP Opens Door to Institutional Adoption

The post First Multi-Asset Crypto ETP Opens Door to Institutional Adoption appeared on BitcoinEthereumNews.com. The US Securities and Exchange Commission (SEC) has officially approved the Grayscale Digital Large Cap Fund (GDLC) for trading on the stock exchange. The decision comes as the SEC also relaxes ETF listing standards. This approval provides easier access for traditional investors and signals a major regulatory shift, paving the way for institutional capital to flow into the crypto market. Grayscale Races to Launch the First Multi-Asset Crypto ETP According to Grayscale CEO Peter Mintzberg, the Grayscale Digital Large Cap Fund ($GDLC) and the Generic Listing Standards have just been approved for trading. Sponsored Sponsored Grayscale Digital Large Cap Fund $GDLC was just approved for trading along with the Generic Listing Standards. The Grayscale team is working expeditiously to bring the FIRST multi #crypto asset ETP to market with Bitcoin, Ethereum, XRP, Solana, and Cardano#BTC #ETH $XRP $SOL… — Peter Mintzberg (@PeterMintzberg) September 17, 2025 The Grayscale Digital Large Cap Fund (GDLC) is the first multi-asset crypto Exchange-Traded Product (ETP). It includes Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). As of September, the portfolio allocation was 72.23%, 12.17%, 5.62%, 4.03%, and 1% respectively. Grayscale Digital Large Cap Fund (GDLC) Portfolio Allocation. Source: Grayscale Grayscale Investments launched GDLC in 2018. The fund’s primary goal is to expose investors to the most significant digital assets in the market without requiring them to buy, store, or secure the coins directly. In July, the SEC delayed its decision to convert GDLC from an OTC fund into an exchange-listed ETP on NYSE Arca, citing further review. However, the latest developments raise investors’ hopes that a multi-asset crypto ETP from Grayscale will soon become a reality. Approval under the Generic Listing Standards will help “streamline the process,” opening the door for more crypto ETPs. Ethereum, Solana, XRP, and ADA investors are the most…
Share
BitcoinEthereumNews2025/09/18 13:31