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المصري اليوم
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المصري اليوم

2026-11-11T19:24:14.000Z

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Iran war costs Gulf $790B

Iran war costs Gulf $790B

Allianz Trade estimated that the physical damage suffered by Gulf states as a result of the war with Iran exceeded $200 billion, and forecast that cumulative economic losses would reach $790 billion by 2030. It attributed the losses to damage to more than 80 energy facilities, disruption to shipping through the Strait of Hormuz, and downturns in the energy, trade, tourism and real estate sectors. The report projected that the Gulf Cooperation Council’s GDP would contract by 4% in 2026, with the impact varying from country to country.

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