New York Times: The war against Iran has disrupted the economic dreams of the Arab countries The New York Times newspaper: The International Monetary Fund has predicted that the economy of the member states of the Persian Gulf Cooperation Council will shrink by a total of 5% this year. Kuwait, Bahrain and Qatar will face a double-digit economic contraction due to their almost complete dependence on the Strait of Hormuz for exporting energy products. The war also reached Saudi Arabia's vital energy infrastructure. The headquarters of the government company Aramco and an important state pipeline were attacked. Meanwhile, the passage of ships through the Strait of Hormuz is still associated with the risk of Iranian missile and drone attacks, and several vessels have caught fire on this route. One of the consequences of the prolongation of the war is the weakening of the efforts of Saudi Arabia and the United Arab Emirates to present themselves as an oasis of stability in an unstable region.

New York Times: The war against Iran has disrupted the economic dreams of the Arab countries The New York Times newspaper: The International Monetary Fund has predicted that the economy of the member states of the Persian Gulf Cooperation Council will shrink by a total of 5% this year. Kuwait, Bahrain and Qatar will face a double-digit economic contraction due to their almost complete dependence on the Strait of Hormuz for exporting energy products. The war also reached Saudi Arabia's vital energy infrastructure. The headquarters of the government company Aramco and an important state pipeline were attacked. Meanwhile, the passage of ships through the Strait of Hormuz is still associated with the risk of Iranian missile and drone attacks, and several vessels have caught fire on this route. One of the consequences of the prolongation of the war is the weakening of the efforts of Saudi Arabia and the United Arab Emirates to present themselves as an oasis of stability in an unstable region.