US Iran War LIVE: Saudi Explores $8 Bn Loan as War Hits Gulf Finances | Vantage on Firstpost

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Saudi Arabia is exploring the option of taking an $8 billion loan as the U.S-Iran war continues to escalate and disrupt the wider West Asia region. Saudi Arabia’s oil sector plunged by nearly 25%, while the economy contracted at its fastest pace since the COVID-19 pandemic. As Iran continues to block the Strait of Hormuz and Iran-backed Houthis disrupt Saudi oil flows in the Red Sea, pressure is mounting across the Gulf. Saudi Arabia’s plans to diversify its assets come as the kingdom looks to cushion its economy from the growing impact of the conflict, with the prospects for a peace deal still uncertain. --- Saudi Arabia | Loan | Strait of Hormuz | Red Sea | West Asia Crisis | Firstpost | World News | Vantage | Hem Saroya | News #saudiarabia #loan #straitofhormuz #redsea #westasiacrisis #firstpost #vantageonfirstpost #hemsaroya #worldnews Vantage is a ground-breaking news, opinions, and current affairs show from Firstpost. Catering to a global audience, Vantage covers the biggest

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