Shares of Liberty Formula One, the vehicle that owns the competition, have dropped over 7% in New York so far this week.
(March 6): Liberty Media Corp’s Formula One has seen US$1.9 billion ($2.43 billion) wiped off its market value since the Iran war began, as concerns about races in the Middle East weigh on one of the world’s most popular sports.
The new F1 season begins this weekend in Melbourne, Australia, the first of 24 races in 2026. Uncertainty surrounds two races next month in Bahrain and Saudi Arabia, with the conflict ramping up across the region. The Qatar and Abu Dhabi grand prix are due to round off the season towards the end of the year.
