What happened: Experts warn that the ongoing conflict involving Iran could cause lasting economic harm to Gulf countries, with recovery potentially taking years or decades.
Why it matters:
- Economic instability may affect trade, investment, and oil markets in the Gulf region.
- Populations and businesses in Gulf states could experience prolonged financial and social challenges.
MNN Take: The conflict's impact extends beyond immediate disruption, potentially altering Gulf economies' growth trajectories for an extended period.
Sources: BBC Business