EconomyGulf economies to shrink despite higher oil prices as Iran war takes toll, World Bank says
The World Bank says Gulf economies are set to contract despite higher oil prices, as the Iran war disrupts energy exports and aviation—two pillars of Gulf business. The fallout has reached Europe, where buyers have had to replace missing gas supplies.
Eeuronews★★★★☆2026-10-08 11:31Original
Gulf economies to shrink despite higher oil prices as Iran war takes toll, World Bank says