Allianz: War with Iran could cost Gulf states $790B by 2030

Allianz estimates a conflict with Iran could inflict $790 billion in cumulative economic damage on six Gulf states by 2030, driven by hits to energy infrastructure, tourism, and real estate. The figure is a scenario-based projection, not a current event, and its credibility rests on Allianz's modeling assumptions. It signals elevated tail-risk pricing for Gulf assets and energy markets if tensions escalate.

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