How the US-Iran war affected the economy of the Gulf region
Starting on February 28, the US-Iran war has caused disruptions in the Gulf region's entertainment, sports, and tourism sectors. The tourism industry is projected to shrink by 14.5%, dropping to $330 billion this year from $386 billion in 2025. Cancellations of F1 races in Bahrain and Saudi Arabia resulted in losses of nearly $200 million. Additionally, the aviation sector in the Gulf suffered as thousands of flights were cancelled.
by shortkt.com✓