5 hours ago
Last Updated:March 06, 2026, 23:46 IST
Citing Gulf officials, the report said several countries have quietly begun internal discussions to examine whether force majeure clauses can be invoked in existing contracts.
Crown Prince and Prime Minister of the Kingdom of Saudi Arabia Mohammed bin Salman and US President Donald Trump. (AFP file photo)
Major Gulf economies including Saudi Arabia, the United Arab Emirates, Kuwait and Qatar are reviewing their investment commitments and contracts with the United States as the ongoing Iran war places growing pressure on their economies, according to a report by the Financial Times.
Citing Gulf officials, the report said several countries have quietly begun internal discussions to examine whether force majeure clauses can be invoked in existing contracts. They are also reviewing future investment pledges in order to reduce the economic strain caused by the conflict.
“A number of Gulf countries have begun an internal review to determine whether force majeure clauses can be invoked in current contracts, while also reviewing current and future investment commitments," a Gulf official told the Financial Times.
The review could affect a wide range of commitments, including investment pledges to foreign governments and companies, sports sponsorship deals, contracts with global businesses and even the sale of certain holdings, the report said.
Location :
United States of America (USA)
First Published:
March 06, 2026, 23:46 IST
News world Saudi, UAE, Qatar, Kuwait Weigh Pulling US Contracts As Iran War Strains Economies: Report
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