18-July-2026
Economy News
 
Most Gulf Area Economies Face Deeper Downturns This Year on Hormuz Disruption
17-Jul-2026

Most Gulf economies will contract more sharply this year than expected three months ago before rebounding in 2027, a Reuters poll found, as crumbling hopes of a quick U.S.-Iran de-escalation keep the Strait of Hormuz - the region's oil and gas export lifeline -largely closed.

News Source:- https://money.usnews.com/investing/news/articles/2026-07-16/most-gulf-area-economies-face-deeper-downturns-this-year-on-hormuz-disruption-reuters-poll