Formula 1 has canceled races in Bahrain and Saudi Arabia scheduled for April, as the ongoing war between Iran and the U.S. and Israel disrupts international sports throughout the Middle East.

Middle East conflict has made race cancellations inevitable

According to the report, they see the loss of the two races as ~$190-200 million of revenue and ~$80 million of EBITDA (Earnings Before Interest, Taxes, and Amortization).