Bahrain's bond sell-off has intensified, with its borrowing costs rising to levels seen during the country's 2018 crisis, when its wealthy Gulf allies intervened with a bailout. Bahrain is currently grappling with the fallout from the Iran war, while soaring US government bond yields have also pushed up its debt servicing costs. Under this dual impact, the yield on Bahrain's dollar bonds due in 2028 has surged to a six-year high of 8.99%, up 1.6 percentage points since the turmoil in the US Treasury market began in late August.