According to the research, bilateral economic activity occasionally dropped to levels not observed since the peak of the COVID-19 epidemic. Exports to the US GCC had considerably declined in April, but things became worse in May.
According to analysts, the main cause of the economic problems between the US and the GCC was the closure of the Strait of Hormuz. Additionally, the US Census Bureau reported a sharp decline in the value of purchases made from Bahrain, Saudi Arabia, Qatar, and the United Arab Emirates.
While exports from the UAE and Qatar are at levels not seen since the global pandemic in 2020, Saudi Arabia’s exports to the US are at their lowest point since 2021. Oman was the only GCC nation to come out of the process largely undamaged.
Sales to the US increased in Muscat, but it’s crucial to remember that they are comparable to May 2025 levels. Recently loaded cargo was trapped inside the disputed canal at the heart of the US-Iranian dispute, according to data from the report.
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