The Middle East conflict will have a profound and lasting impact on regional economies. The economies of the region’s leading oil exporters are being hit hard by the conflict itself, while oil importers outside the Gulf are suffering from the spike in oil and gas prices, not to mention the government measures being taken to mitigate against shortages.
In its April 2026 regional update, the World Bank warns that the “conflict brings destruction and exposes economic and social vulnerabilities in the region.” The economic impacts vary considerably across the region, even among the Gulf states. (CONTINUED - 546 WORDS)
