Story perspectives
Middle East Turmoil Threatens Global GDP, Boosts Saudi Economy
6/21/2025
28 5
1 of 1
Story summary
- The Middle East conflict may reduce global GDP by 0.4% due to Iran's economic downturn.
- Nations such as the UAE, Oman, and Turkey face risks from their trade connections with Iran.
- Current oil prices at $77 per barrel could enhance Russia's budget during this turmoil.
- Saudi Arabia might increase its GDP by 4% by compensating for Iran's oil exports if prices hit $100 per barrel.
