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The Independent UK
The Independent UK
National
Malak Harb

Tariffs, oil prices and other uncertainties weighing down Mideast economies, IMF says

International Monetary Fund Jihad Azour Oil Donald Trump the International Monetary Fund Economic Growth MENA Middle East North Africa the Middle East
IMF Middle East - (Copyright 2025 The Associated Press. All rights reserved.)

Countries across the Middle East and North Africa face significant challenges to economic growth as the region faces economic uncertainty due to tariff measures, lower-than-recent oil prices and cuts to financial aid, the International Monetary Fund said Wednesday.

The IMF's regional outlook report for the MENA region said Brent crude oil prices — which are down from highs above $120 a barrel in 2022 — are likely to be $65 to $69 per barrel in 2025 and 2026, making energy-exporting economies vulnerable to market fluctuations.

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