💵 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 👍 Substack | Chat | @geopolitics_prime