Gulf economies head for worst crisis since pandemic as war roils energy lifeline: Reuters poll
April 27, 2026
(Investing) – BENGALURU – Gulf Cooperation Council (GCC) economies are sliding into their worst economic crisis since the pandemic, with several expected to contract this year on spillovers from the U.S.-Israel war with Iran right on its doorstep. The war’s knock-on effects have ripped through the energy market – the Gulf economies’ lifeline – driving oil prices sharply higher and triggering a historic
