Gulf trio review sovereign investments to offset Iran war impact

Three Gulf states are reviewing how they deploy trillions of dollars invested by their sovereign wealth funds in anticipation of offsetting the losses triggered by the U.S.-Israeli war on Iran, a Gulf official told Reuters.



These reviews include possible investment pledge reversals, divestments and a re-evaluation of global sponsorship deals as the oil-and-gas-rich states assess how to absorb the financial shock, said the official, who requested anonymity due to the sensitivity of the matter and without identifying which states.



Saudi Arabia, the United Arab Emirates (UAE), Qatar and Kuwait are the top economies in the Gulf Cooperation Council.



"Three of the big four economies in the GCC are all assessing future and current investments and sponsorships if this lasts long," they said.



"A review of their sovereign wealth fund investment strategies has already started," the official added.