Saudi Economy ‘Resilient’ Despite Mideast War, Says IMF

Saudi Arabia’s economy has shown resilience in the face of headwinds triggered by the Middle East war thanks in part to energy and logistics infrastructure that bypasses the Strait of Hormuz, the IMF said Wednesday.

The Gulf has borne much of the brunt of the war since it began with a wave of US-Israeli attacks on Iran on February 28.

Iran responded by choking off traffic in the Strait of…