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» Saudi Arabia in Recession because of Trump’s War
Saudi Arabia has just entered a recession. Its GDP fell by 4.8% in the second quarter of 2026 — a first in three years.
The cause: the war that broke out in February 2026 after the American-Israeli strikes against Iran, extended from week to week by Donald Trump’s ultimatums. The Strait of Ormuz paralysed, the Saudi oil sector collapsed by 24.7%, Vision 2030 reduced, a budget deficit of $44 billion, and a regional contagion to the Emirates.
A cease-fire was signed on 14 June 2026, but Washington’s prolonged war bill will continue to weigh heavily on the region’s economy.
The economic and factual analysis of LibnaNEWS.
Watch the original video on YouTube
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