IMF Warns Iran War to Impact Gulf Economies

Just read that the IMF says the Iran war is weakening economic growth in Gulf countries. With the Strait of Hormuz effectively closed and attacks on energy sites, oil prices have spiked over 50% in a month! Goldman Sachs predicts major GDP contractions if this continues, like 14% for Kuwait and Qatar. Countries are trying to stay resilient through diversification, but inflation and economic stability are real concerns. The IMF is closely monitoring the situation and hasn't received any emergency assistance requests yet. Egypt's handling has been proactive so far, using flexible exchange rates to absorb shocks. https://www.thenationalnews.com/business/economy/2026/03/19/imf-expects-iran-war-to-weigh-on-gcc-economic-growth/