UAE official names Iran as long-term threat

Export levels across the Persian Gulf have been severely impacted by the ongoing conflict, with Iraq's exports down 82%, Kuwait's down 75%, Qatar's down 70%, Saudi Arabia's down 34%, and the UAE's down 26%. In stark contrast, Oman's exports have surged by 117%. This data underscores the severe economic disruption to regional trade and highlights Oman's unique position, possibly as a neutral transit hub or beneficiary of redirected trade flows. The collapse aligns with recent threats from Iranian officials and attacks on regional infrastructure.