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File photograph: Petro Canada Oakville Refinery
File photograph: Petro Canada Oakville Refinery. Context image; cropped or resized for web display. Ibagli / Wikimedia Commons · Photo source · Public domain
World / World

World Bank’s Oct. 6 update points to a sharper 2026 hit for Gulf oil exporters than its June outlook

A new World Bank regional update projects the Middle East, North Africa, Afghanistan and Pakistan will shrink in 2026, with Gulf oil exporters facing the deepest losses. The records support a narrower conclusion than many conflict-economy headlines: the key shock is disrupted trade and energy flows, not a uniform regional downturn.

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