World Bank: Iran's war affects non-oil sectors

The World Bank has confirmed that the effects of Iran's war have gone beyond the oil sector, leading to a decline in oil production and exports. Its impact has extended to non-oil sectors as well, with projections indicating that the Middle East's economy will contract by 2.1% in 2026. The Vice President of the World Bank for the Middle East and North Africa pointed out that the crisis is harming multiple sectors, emphasizing the need for reforms to address the escalating economic repercussions in the region.

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