Gulf monarchies face economic stress test from Iran war

6 articles · Updated · The Washington Post · May 10

The conflict is threatening both oil income and plans by wealthy Gulf states to build global finance, tourism and technology sectors beyond hydrocarbons.
The war has raised doubts over the long-term economic futures of monarchies that had promoted themselves as stable hubs for investment, visitors and business.
The turmoil underscores how regional conflict can disrupt diversification drives, leaving Gulf economies exposed even as they try to reduce dependence on oil revenue.

With their post-oil ambitions in peril, can Gulf monarchies pivot their trillions to survive this new era of conflict?

As Gulf states question the U.S. security role, how will new alliances with China and Russia reshape global power?