WashingtonSaudi Arabia’s growth outlook fell to 1.7% from 3.1%.
The IMF cut its 2026 world forecast to 3%, citing the Gulf war’s oil shock — while Britain got the G7’s largest upgrade.
The Fund’s model assumes the Strait of Hormuz reopens by March 2027, before election-year budgets are set.
Sources: The Telegraph, Euronews English, Philstar.com, news24, GEO TV