Kuwait's assets uphold economy and rating
Gulf Cooperation Council economies succeeded in absorbing the shock of the Iranian war, using their substantial sovereign wealth to support their economies and maintain their credit ratings, despite disruptions to navigation in the Strait of Hormuz and a slowdown in growth. Reports indicate that oil remains a key driver of economic recovery, with the exception of Saudi Arabia, which exports its oil through alternative pipelines. The crisis also underscored the importance of the domestic market and resource diversification, with some countries beginning to implement strategies to enhance commercial infrastructure and to store oil globally.
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