Gulf economies face nearly $1 trillion price tag from US war on Iran
The US-Israeli war targeting Iran turned into a costly gamble on many fronts.
It has already cost Persian Gulf economies more than $200 billion in physical destruction - especially in energy infrastructure, according to a report by insurance firm Allianz Trade.
By 2030, the fallout threatens to wipe out an estimated $790 billion in expected economic growth.
The report notes that:

over 80 energy facilities have been hit in retaliatory Iranian strikes on US assets across the Gulf, primarily in Kuwait, Qatar and Bahrain; around a third suffered heavy damage; airports, seaports and tourist landmarks were also affected

Gulf economies could lose the equivalent of 5.9% of their combined GDP over 2026–2030 compared with pre-war forecasts

damage is expected to weigh on tourism and real estate

governments are likely to redirect around $120 billion from sovereign wealth funds into domestic investment to support recovery - slashing capital for overseas investments

surplus income from trade and foreign holdings could plummet by half

spending priorities are shifting from ambitious mega-projects toward infrastructure, defense and economic resilience

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