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

Gulf nations may prioritize domestic investments over US commitments amid economic pressures, says new report.The ongoing conflict between the United States and Iran could make it harder for three Gulf countries — Saudi Arabia, Qatar and the United Arab Emirates — to deliver on nearly $4 trillion in economic commitments to the US announced under President Donald Trump’s “America First” agenda, according to a new analysis from the Peterson Institute for International Economics (PIIE).The 15-page report released Monday says the Gulf states are facing growing economic pressure from the US and Israel’s war on Iran, including the need to spend more on defence, energy infrastructure and trade.Recommended Stories list of 4 itemslist 1 of 4Trump dismisses calls for AI slowdown from leading tech CEOslist 2 of 4Israeli minister threatens to revoke filmmakers’ citizenship over Gaza filmlist 3 of 4Why is Trump warning Zelenskyy not to hit Russian diesel refineries?list 4 of 4‘Silent Cold War’: Why calls to slow AI have sparked new US–China frontierend of list“The conflict has weakened their fiscal positions and economic prospects and may have lasting effects on their growth models. It has also...