LIVE | Saudi Arabia in Trouble? Iran, Houthis Pressure Riyadh as $9.1B Deficit Hits | MBS | Trump
Saudi Arabia is reportedly seeking at least $8 billion in fresh financing as the Iran war piles new pressure on Mohammed bin Salman’s economic ambitions. Bloomberg reports Riyadh has begun sounding out banks for a loan, while Saudi Aramco is holding similar discussions. The funding push comes as Iranian attacks, disrupted Hormuz trade and Houthi threats squeeze the kingdom from two strategic directions. Saudi Arabia also posted a $9.1 billion second-quarter budget deficit while its oil sector contracted nearly 25%. Is the widening regional war forcing MBS to rethink his expensive global ambitions?
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