When the bombs started raining down on Iran on February 28, many business leaders hoped the conflict would be short and the economic effects would be transient. Neither has turned out to be the case.  In the latest sign that “war effects” are becoming embedded, the World Economic Forum is the latest global organization to announce the postponement of its key Gulf conference in Saudi Arabia, citing “current regional developments”.  The technology conference, Leap, private equity group, Partners Group Holding AG, and JP Morgan have each announced postponements or changes in venue since the war started. The risk index for the Gulf economies is rising.   “In light of the current regional developments, and in close consultation with the Ministry of Economy and…