Economy

The oil market is no longer anchored by a shared baseline. Instead, it is being pulled in different directions by competing assumptions about geopolitics, prices, and economic resilience.

One silver lining of the Iran conflict may be the emergence of new, more durable foundations for regional economic integration via more agile trade corridors in the Gulf and beyond.

The Iran conflict has arrived at the worst possible moment for Gulf sustainable finance, a sector already navigating fiscal strain, a global ESG backlash, and the unresolved tension between hydrocarbon revenue and transition capital.

On April 14, AGSI hosted a discussion on how the Gulf Arab states can transition from crisis management to position themselves for sustainable postconflict growth.

March readings of the purchasing managers’ index showed a substantial deterioration in business conditions in Saudi Arabia and the rest of the Gulf.

The conflict with Iran has curtailed the supply of oil from the Gulf, pushing up the price of the medium and heavier grades it usually exports relative to lighter grades.

The Gulf is being significantly affected by the conflict with Iran, but the size of the economic hit varies among countries.

On March 17, AGSI hosted a discussion on Gulf economic advancement.