Fiscal pressure from Iran War clouds Gulf States’ US spending plans

The ongoing conflict between the United States and Iran complicates the Gulf states' ability to fulfill nearly $4 trillion in economic commitments, particularly for Saudi Arabia, Qatar, and the UAE. A report from the Peterson Institute for International Economics indicates that this situation has weakened their fiscal positions and economic prospects. Growth forecasts for these countries have been significantly reduced, with Qatar's forecast cut by 14.7 percentage points.