Middle East war: Gulf economies on the brink of suffocation
- Posted on March 14, 2026
- By Le Monde
- 5 Views
Middle East war: Gulf economies on the brink of suffocation
Although the six Gulf countries have diversified their economies, hydrocarbons still account for about 30% of their gross domestic product (GDP). The blockade of the Strait of Hormuz is also preventing them from importing goods, while the region relies on imports for 85% of its food supply.
