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Steve Hanke: Since 2008, the economies of Bahrain, Kuwait and Qatar have all experienced periods of contraction. All three countries are facing a double-digit economic contraction this year. Trump's war against Iran = a devastating blow to the economy.

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Steve Hanke: Since 2008, the economies of Bahrain, Kuwait and Qatar have all experienced periods of contraction. All three countries are facing a double-digit economic contraction this year. Trump's war against Iran = a devastating blow to the economy.

Steve Hanke: Since 2008, the economies of Bahrain, Kuwait and Qatar have all experienced periods of contraction. All three countries are facing a double-digit economic contraction this year. Trump's war against Iran = a devastating blow to the economy.

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