Gulf Nations Consider $2 Trillion Pullout from U.S. Markets as Conflict Sparks Economic Concerns
The first signs of unease are now emerging from within the Gulf itself. Khalaf Al Habtoor, a prominent Dubai billionaire and chairman of the Al Habtoor Group, openly criticized Trump’s decision to escalate military action in the region. “Who gave you the authority to drag our region into a war?” Al Habtoor wrote in a post on X on Thursday, adding that the president had placed the Gulf states “at the heart of a danger they did not choose.” His comments are notable because public criticism of American leadership from influential Gulf business figures remains rare....
Before tensions escalated, the Gulf monarchies had pledged more than $3 trillion in investment commitments to the United States, with Trump frequently highlighting those promises as evidence that his policies were attracting unprecedented foreign capital. Gulf sovereign wealth funds were increasingly involved in projects ranging from artificial intelligence development to infrastructure and reconstruction plans tied to U.S. strategic priorities. Yet analysts now say the conflict could reshape the willingness and ability of those states to maintain such commitments.
Rachel Ziemba, an adjunct senior fellow at the Center for a New American Security, warned that the crisis introduces serious uncertainty into the financial relationship, saying the conflict raises new questions about the Gulf countries’ capability and interest in investing in the U.S. A prolonged confrontation could force Gulf governments to redirect financial resources inward as declining energy revenues, rising defense spending and disruptions to shipping routes and tourism begin placing pressure on regional economies.
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