War fundamentally threatens oil states' business modelBusiness NewsThu 5 Mar 2026 14:50 CETWar fundamentally threatens oil states' business modelLuxurious environments, security and zero taxes have transformed the oil-rich countries around the Persian Gulf into financial centers in a few decades - where investors, major companies and wealthy tourists from all over the world gather. But since the United States and Israel attacked Iran last weekend, the business model is at risk from Iranian drones and missiles.
War fundamentally threatens oil states' business modelBusiness NewsThu 5 Mar 2026 14:50 CETWar fundamentally threatens oil states' business modelLuxurious environments, security and zero taxes have transformed the oil-rich countries around the Persian Gulf into financial centers in a few decades - where investors, major companies and wealthy tourists from all over the world gather. But since the United States and Israel attacked Iran last weekend, the business model is at risk from Iranian drones and missiles.
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