Connect with us

Breaking News

BREAKING. Saudi Arabia Lost $300 Billion In Stock Market Capitalisation in 25 days

Published

on

Share Story:

Saudi Arabia has reportedly lost $300 billion in stock market capitalisation in 25 days follows the Iran and U.S war strike.

The Tadawul plunged 12 percent in the first week of Epic Fury. Ras Tanura, the kingdom’s largest refinery at 550,000 barrels per day, was shut down by Iranian drone strikes on March 2.

Eastern Province oil fields took direct hits. Gulf-wide production dropped 6.7 million barrels per day by March 10 and reached 10 million by March 12.

The fiscal deficit, projected at 5.8 percent of GDP before the war, now risks widening to 8 to 12 percent if the conflict continues.

SEE ALSO:  BREAKING NEWS: Hospitals in FCT Shut Down As Resident Doctors Begin Strike Over Wike’s Refusal to Meet Demands

Vision 2030 megaprojects are under review. Capital is leaving. Investors are pausing. The kingdom that told Trump to “keep hitting the Iranians hard” is absorbing Iranian hits on its own infrastructure every night.

And yet MBS calls Trump again. The NYT reports he sees a “historic opportunity to remake the region by destroying Iran’s government.” Saudi Arabia’s Foreign Minister says patience is “not unlimited.” Gulf rulers are not asking for de-escalation.

They are asking the United States to crush the regime while the window is open. The country losing $300 billion in market value is lobbying for escalation.

The country whose refinery was shut down by drones is demanding more strikes that will produce more drones aimed at more refineries.

SEE ALSO:  BREAKING NEWS: Gallant Urges Khamenei’s Assassination in Next Operation

This is the Saudi paradox of the Hormuz war: the kingdom is simultaneously the war’s victim, its beneficiary, and its accelerant.

Victim: Ras Tanura offline. Tadawul cratered. Eastern Province hit. Interceptor stocks depleting. Airport fuel depots targeted in Kuwait next door.

The infrastructure MBS spent a decade building is absorbing the retaliation his lobbying provokes.See more, details. .

Share Story:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts

Latest Stories

Trending

×