Don't just focus on oil prices; capital flows are more sensitive: war → risk premium rises → fundraising slows → valuation adjusts, no one can escape this chain.

Saudi Arabia's venture capital market is experiencing disruptions from the US-Israel war on Iran that began at the end of February 2026, with researchers predicting the biggest funding declines will become visible in the second half of the year. According to Tracxn, a market data platform, $108