The war against Iran has caused a severe decline in Saudi Arabia's economic…

The war against Iran has caused a severe decline in Saudi Arabia's economic growth. 🔹Bloomberg reported that Saudi Arabia's GDP fell by 4.8% in the second quarter of this year compared to the same period last year. 🔹This contrasts with the 3% growth the country experienced in the first quarter of this year. 🔹A nearly 25% reduction in oil production is cited as the main cause of Saudi Arabia's economic recession. 🔹Bloomberg stated that the war between the U.S. and the Israeli regime against Iran has put heavy pressure on Saudi Arabia's economy, affecting its oil revenues due to disruptions in the passage of oil tankers through the Strait of Hormuz and reduced oil exports.