Oil, dollars, and debt: How safe is the Middle East from the global trade war?

The global trade war initiated by U.S. President Donald Trump continues to escalate, impacting major economies and causing uncertainty for North America, the European Union, and China. While the Middle East has avoided direct impact from tariffs, the region’s economy, heavily reliant on oil, may suffer from the trade war’s effects, particularly as countries with currencies pegged to the dollar face immediate costs. Overall, while the Middle East may not be directly affected by tariffs, the trade war’s repercussions could still pose challenges for the region’s economic stability.

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