War between Iran and the US causes $200 billion in losses for Gulf states

A report by Allianz Trade published on November 11, 2026, reveals that the ongoing conflict between Iran and the United States has caused approximately $200 billion (around 180 billion euros) in damages to Gulf states. Experts warn that these economic losses could quadruple by 2030 if the regional instability continues.

The conflict escalated in late February when the U.S. and Israel launched strikes against Iran. In retaliation, Tehran closed the Strait of Hormuz and initiated attacks against U.S.-allied neighbors in the region. Infrastructure, including American bases and civilian facilities, has suffered extensive damage, particularly in Kuwait, Qatar, and Bahrain, which are heavily dependent on the strait for their energy exports.

The situation worsened in July when Yemen's Houthi rebels joined the hostilities. The group has been involved in near-daily exchanges with Saudi Arabia, frequently claiming responsibility for attacks on Riyadh's airport and vital oil infrastructure. The ongoing military engagements pose a significant risk to the regional economy, with analysts highlighting that energy-dependent infrastructures remain the primary targets of these hostilities.