Bahrain Economy Shrinks 3.8%

ManamaBahrain’s economic output shrank 3.8% amid the Iran war.

It is the first hard evidence the war is costing Gulf economies output.

Bahrain has the Gulf’s smallest oil reserves, so Hormuz shipping disruptions hit its output fastest.

Brent crude was down 4.1% over the week to Aug 25, signaling more strain ahead.

Sources: Salaam Gateway