Caught in the crossfire: US-Israel war on Iran fractures Gulf economies

As the Strait of Hormuz chokes, energy infrastructure burns and interception costs soar into the billions, Gulf states are absorbing the staggering financial fallout of a conflict they tried to prevent.

For decades, the Gulf Cooperation Council (GCC) states invested trillions of dollars to transform their oil-dependent economies into diversified global hubs.

Today, those blueprints are under severe threat.