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Middle East war: Gulf economies on the brink of suffocation
Although the six Gulf countries have diversified their economies, hydrocarbons still account for about 30% of their gross domestic product (GDP). The blockade of the Strait of Hormuz is also preventing them from importing goods, while the region relies on imports for 85% of its food supply.
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aljazeera.com
Caught in the crossfire: US-Israel war on Iran fractures Gulf economies
As Hormuz chokes and defence costs soar, Gulf states absorb crippling financial fallout of the US-Israel war on Iran.
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lemonde.fr
Middle East war: Gulf economies on the brink of suffocation
Although the six Gulf countries have diversified their economies, hydrocarbons still account for about 30% of their gross domestic product (GDP). The blockade of the Strait of…
