This is the second quarter in a row, the Saudi economy contracted - this time by 3.8%. In the 2nd quarter, there was a decrease in oil exports when the US-Israeli aggression in Iran disrupted shipping in the region with the closure of the Strait of Hormuz, as well as Saudi Arabia itself, which was defeated due to its insistence on hosting American bases that carry out aggression against Iran. Quarter 3 saw Saudi Arabia directly involved as an aggressor in an escalating regional war, breaking a shaky truce with Yemen's Ansar Allah movement and reigniting its decade-long war in the Arab country. Ans*r Allah responded by enacting a blockade of Saudi ships in the Red Sea and damage to key Saudi oil facilities that forced the Gulf kingdom to adjust its export expectations.

This is the second quarter in a row, the Saudi economy contracted - this time by 3.8%. In the 2nd quarter, there was a decrease in oil exports when the US-Israeli aggression in Iran disrupted shipping in the region with the closure of the Strait of Hormuz, as well as Saudi Arabia itself, which was defeated due to its insistence on hosting American bases that carry out aggression against Iran. Quarter 3 saw Saudi Arabia directly involved as an aggressor in an escalating regional war, breaking a shaky truce with Yemen's Ansar Allah movement and reigniting its decade-long war in the Arab country. Ans*r Allah responded by enacting a blockade of Saudi ships in the Red Sea and damage to key Saudi oil facilities that forced the Gulf kingdom to adjust its export expectations.