Economic activity across the GCC is projected to contract sharply through 2026 as persistent disruptions in critical regional shipping lanes severely impact hydrocarbon exports, trade, and investment, according to a newly released macroeconomic risk review.
The Coface Economic Risk Review highlights that the resurgence of regional hostilities in mid-July, which shattered the brief relief provided by an earlier US-Iran memorandum of understanding, has driven hydrocarbon prices past the $100 per barrel mark .
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