The Kobeissi Letter posted on X that three of the four major Gulf countries—Saudi Arabia, UAE, and Kuwait—are contemplating withdrawing from U.S. and other investments as the financial impact of the ongoing conflict with Iran intensifies, according to a report by the Financial Times.
The report highlights several factors contributing to this potential shift, including mounting 'budget stains' resulting from decreased revenue in sectors such as energy, shipping, and tourism. These nations are reportedly considering reassessing their investment commitments to the United States as a precautionary measure.
Such moves could have significant implications, potentially putting pressure on U.S. President Donald Trump, as over $2 trillion in U.S. investments appear to be at risk. The decision to withdraw investments is seen as a strategic response to the economic challenges posed by the conflict, aiming to safeguard the financial stability of these Gulf countries.