Gulf States have suffered losses of $20 billion in oil and gas revenue since start of the US-Iran War or blockade of Strait of Hormuz

According to a recent report, the US-Iran war has caused huge damage to the Middle East’s economy, tourism, foreign direct investment, and oil and gas exports, which could lead to the loss of millions of jobs for foreigners in the Middle East. Gulf states have suffered losses of over $16 billion in energy, oil, and gas revenue since the start of the US-Israeli strikes against Iran and the blockade of the Straits of Hormuz. On the other hand, the US and Israel also say that the joint US-Israel strikes have caused huge damage to Iranian oil, nuclear sites, missile programs, and weapons production, due to which it is being said that in the coming times, Iran will not be able to supply oil and gas to China, India, and anti-American or anti-Israeli countries. But this time Iran has also made its intelligence very strong and caused huge damage to almost all the Arab-US-backed oil and gas fields, but now Russia and Venezuela have become the second widest choice for the oil-importing countries of the world because 30% of the world’s oil and gas business has halted due to the increasing tension between Iran and the Middle East.

How Many jobs are at risk in Middle Eastern Oil, Gas, Manufacturing, and GOLD production sites?

Arabian experts estimate that 200,000–400,000 jobs are at risk in vulnerable sectors, or even 1–2 million in a full recession/stagflation scenario (similar to 1970s oil shocks). The war remains active (no ceasefire, ongoing strikes, Strait of Hormuz disruptions), with officials suggesting it could end in weeks to months — but prolonged fighting would worsen job impacts. Weekly unemployment claims have stayed relatively stable so far (e.g., around 213,000 recently), indicating no massive layoff wave yet, but downside risks are high. Recently, some reports claim that countries like Japan, the EU, the African Union, and the Middle East are using the Iranian-controlled Strait of Hormuz to import Chinese goods while most of the governments in the Middle East are supporting Israel and the US against Iran. Chinese Professors in the Middle East predicts, At least 100,000+ jobs will be lost per month if disruptions continue, with GDP hits of ~0.2% and inflation up ~0.3%. But in all these, the Iranian Army has not yet attacked the properties owned by the UAE, Saudi Arabia, Kuwait, Bahraini Royal Families, but if countries like the UAE, Saudi Arabia, Oman, Qatar declare war against Iran for Israel and the US, then the Iranian IRGC can take action against the top Arab families. Arab countries have suffered significant losses, including in tourism, oil exports, the Saudi-Arab defense deal, and the $15 trillion Arab inflation in the US and Europe.