3 days ago

Saudi Arabia Loses $300 Billion in Stock Market Value Amid Gulf Oil War Escalation

TLDR: Saudi Arabia lost $300 billion in stock market value within 25 days of Gulf conflict escalating regionally. Brent crude trading at $90–$110 per barrel turns infrastructure losses into net windfall revenue for Riyadh. Saudi’s Red Sea bypass pipeline positions the kingdom as the dominant exporter while Hormuz stays closed. MBS continues lobbying Washington for [...]

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Source: Blockonomi →