The $100 Billion Flaw in the Gulf’s US Security Arrangements | Opinion
Summary
The Gulf states are facing huge economic losses due to a war with Iran led by the U.S. and Israel, which has used Gulf countries’ territories for military operations. These losses highlight a problem in the security agreements that let the U.S. use Gulf bases for war without the Gulf countries having a say, leaving them to suffer the consequences.Key Facts
- The Gulf states have lost about $100 billion due to damage from the conflict involving the U.S., Israel, and Iran.
- Qatar faces $20 billion in yearly losses from damage to its large natural gas facility.
- Kuwait and Qatar could see their economies shrink by up to 14 percent.
- The United Nations estimates wider economic losses in Arab countries between $120 and $194 billion.
- The UAE was attacked with hundreds of missiles and drones from Iran during the conflict’s first month.
- Dubai’s stock market dropped by 16 percent, and the tourism sector is losing $600 million every day.
- Important facilities in Kuwait, like water plants, were repeatedly hit, causing civilian casualties.
- The U.S. military uses Gulf state bases under formal agreements that give Gulf countries control over how the bases operate, but not over when the U.S. decides to go to war.
- Saudi Arabia and Iraq were mostly spared attacks because of their political ties with Iran, showing how diplomacy can affect targeting in conflicts.
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