Gulf economies face long-term hit from Iran conflict

Israel

In the early 1990s, Qatar was grappling with a period of economic strain - high debt levels and weak state revenues were weighing heavily on its finances. To try to transform its fortunes the small Gulf state made a decisive bet on natural gas. It would develop its vast offshore gas reserves, and – crucially – super chill the gas into LNG (liquified natural gas) for transportation by ship to countries around the world. That decision led to the creation of Ras Laffan - an industrial city on the

Gulf economies face long-term hit from Iran conflict http://www.bbc.com - 06.05.2026 23:06

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Gulf economies face long-term hit from Iran conflict http://www.bbc.com - 06.05.2026 23:06