Gulf States Express Fury Over Failed Influence via Kushner's Fund Amid Iran War

Gulf states, including Qatar, Saudi Arabia, and the UAE, are reportedly furious after investing hundreds of millions in Jared Kushner’s private equity firm, Affinity Partners. According to Bloomberg, these nations sought White House influence and financial returns but received little value, particularly as President Trump launched a war on Iran despite their strong opposition. Affinity Partners, founded in 2021, now manages approximately $6.16 billion, with 99% of capital coming from non-U.S. clients. Experts suggest the Gulf states feel betrayed, as their investments failed to secure sway over existential security issues. This backlash has prompted a reevaluation of future investments and political pledges. Meanwhile, Kushner faces scrutiny and a congressional investigation led by Democrats regarding potential conflicts of interest between his role as an informal peace envoy and his private business dealings. Kushner and White House Counsel defend his position, asserting he acts as a private citizen without formal administrative duties, thus exempting him from certain financial disclosure requirements. The situation highlights growing tensions between U.S. foreign policy decisions and the expectations of key Middle Eastern allies.