Australian infrastructure investor Macquarie Group has withdrawn from a deal with Kuwait Petroleum Corporation (KPC), citing the conflict and uncertain outlook. This move is seen as a sign that the conflict is negatively affecting investor enthusiasm in the Gulf, where millions of barrels of crude are stranded after Iran effectively shut the Strait of Hormuz. Despite KPC declaring force majeure and cutting production, its bankers are still pursuing a deal. Saudi Arabia's King Abdullah ​Financial District is also seeking to sell its district cooling assets for over $500 million, with non-binding offers submitted by April 7.