In September drones hit Saudi Arabia’s East-West pipeline, which stretches from the kingdom’s oil-producing Eastern Province to an export terminal on the Red Sea.
States like Saudi Arabia and the United Arab Emirates that have worked to rebalance from a dependence on energy have seen growth plunge in a year of strife.
The Olaya district of Riyadh, Saudi Arabia. Gulf economies have shrunk 5 percent, as the Hormuz crisis hits energy exports and threatens regional diversification plans.
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