Some Gulf states are reviewing their sovereign wealth funds to offset the financial shock of the U.S.-Israeli war with Iran. Three of the top four economies in the GCC are currently assessing future and current investments and sponsorships if this lasts long. The review of sovereign wealth fund investment strategies has already begun, with potential reversals of investment pledges, divestments, and a reevaluation of global sponsorship deals. The assessments are not coordinated. Saudi Arabia, the United Arab Emirates, Qatar and Kuwait are among the top economies on the GCC. JPMorgan analysts have cut their growth forecasts for non-oil sectors by 1.2 percentage points for these GCC economies and a 2.3-point revision for the UAE.