The kingdom saw a 24.7% year-on-year decline in its oil sector for the April 1 to June 30 period due to the closure of the Strait of Hormuz.

Saudi Arabia’s non-oil activities grew by 0.6 percent year on year in the second quarter of 2026, while real gross domestic product contracted by 4.8

Saudi Arabia's real gross domestic product contracted 4.8 percent year-on-year in Q2 2026, driven by a 24.7 percent decline in oil activities, according to flash estimates…