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World Bank: Iran's conflict worsens Yemen's economy
The Yemeni economy faces significant challenges due to the halt of oil exports and the repercussions of the war in Iran, recording a contraction of 1.5% in GDP in 2025, with expectations of a continued decline of 0.5% this year. The World Bank has issued warnings about the worsening financial situation caused by weak external financing and declining humanitarian aid, which negatively impact the government's ability to cover salaries and essential services. This occurs amidst a fragile business environment and heavy reliance on imports, with rising inflation risks and the ripple effects of regional tensions affecting markets.
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