General

Gulf economies face long-term hit from Iran conflict

Commentators say it will take years or even decades to repair the damage.

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  • May 7, 2026
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More than 80 facilities have been hit since the US and Israel launched strikes on Iran on 28 February, with over a third severely damaged, according to the International Energy Agency. Along with Qatar, damage has also been reported in Bahrain, Kuwait, Saudi Arabia and the United Arab Emirates.

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