BlackRock: GCC faces structural reset, not short-term shock from Iran war

Ben Powell from BlackRock says the GCC is undergoing a structural shift as globalization weakens and the region's economies move toward self-reliance in the wake of the U.S.-Iran war. He expects GCC countries could turn more inward, and pull back $50 billion - $100 billion worth of funds from global projects to focus more on their own economies.