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economicJul 17, 2026
Most Gulf area economies face deeper downturns this year on Hormuz disruption
Summary
Most Gulf area economies face deeper downturns this year on Hormuz disruption BENGALURU - Most Gulf economies will contract more sharply this year than expected three months ago before rebounding in 2027, a Reuters poll found, as crumbling hopes of a quick U.S.-Iran de-escalation keep the Strait of Hormuz - the…
Actors involved
Iran
Sources
- Anant ChandakBy Anant Chandak
Most Gulf area economies face deeper downturns this year on Hormuz disruption BENGALURU - Most Gulf economies will contract more sharply this year than expected three months ago before rebounding in 2027, a Reuters poll found, as crumbling hopes of a quick U.S.-Iran de-escalation…
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