According to the International Monetary Fund, the war between the United States, Israel and Iran has severely damaged the economies of the Middle East. The only economy in the Middle East expected to show GDP growth this year is the Sultanate of Oman. Iraq and Kuwait will suffer the biggest losses, with their GDP likely to drop by 16% and 16.7%, respectively. They are followed by Qatar with a 15.6% decrease in GDP, Bahrain with an 11.3% contraction, and Iran with a 7.6% decrease. Saudi Arabia's GDP is expected to shrink by 3.3%, but the ongoing war with the Houthis could quickly worsen the situation and lead to an even greater decline in the Saudi economy.

According to the International Monetary Fund, the war between the United States, Israel and Iran has severely damaged the economies of the Middle East. The only economy in the Middle East expected to show GDP growth this year is the Sultanate of Oman. Iraq and Kuwait will suffer the biggest losses, with their GDP likely to drop by 16% and 16.7%, respectively. They are followed by Qatar with a 15.6% decrease in GDP, Bahrain with an 11.3% contraction, and Iran with a 7.6% decrease. Saudi Arabia's GDP is expected to shrink by 3.3%, but the ongoing war with the Houthis could quickly worsen the situation and lead to an even greater decline in the Saudi economy.