Business and economic intelligence for the Gulf and Iraq.

Summary

  • Gulf leaders meet Trump in New York Tuesday as he weighs escalating the Iran war.
  • In August, Saudi Arabia, the UAE and Qatar persuaded Trump to call off a major strike.
  • Their bet is failing: no deal, high oil prices, and Pentagon talk of troop drawdowns.

3.86 mb/d

Crude oil production

3.36 mb/d

Crude oil exports

-2.2%

Real GDP growth

0.3%

Inflation (CPI)

Signals

United Arab Emirates · Proven natural gas reserves: 8,210 bcm (2024) 0.0% since last update

Qatar · Marketed natural gas production: 206 bcm (2024) -2.4% since last update

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