Gulf states are pulling back global investments as the Iran war disrupts exports and drains fiscal reserves. World Bank slashed GCC growth forecasts from 4.4% to 1.3%.

The Iran war is squeezing Gulf state finances, disrupting Strait of Hormuz trade, pushing Iran toward Bitcoin payments, and derailing Dubai's crypto hub ambitions.

Gulf states are pulling back global investments as the Iran war disrupts exports and drains fiscal reserves. World Bank slashed GCC growth forecasts from 4.4% to 1.3%.