Economic turmoil grips key Gulf nations as the escalating conflict between the U.S., Israel, and Iran triggers sharp contractions in their economies, with multiple countries reporting double-digit GDP drops. The ripple effects of the regional instability are forcing governments to confront severe financial strain, raising concerns over long-term stability and recovery. Analysts warn that the crisis could deepen if tensions persist, threatening trade, energy markets, and investor confidence across the affected nations. The situation underscores how geopolitical conflicts can swiftly reshape economic fortunes in vulnerable regions.
Iraq, Bahrain, Kuwait and Qatar face double-digit declines in GDP amid the fallout from the US-Israel war on Iran.
