【Goldman Sachs: Iran war could cause Gulf economies to experience worst recession since the 1990s】On March 16, Farouk Soussa, an economist at Goldman Sachs, stated that if the conflict continues until April, resulting in a two-month closure of the Strait of Hormuz, Qatar and Kuwait's gross domestic product (GDP) could contract by 14% respectively this year. This would be the most severe economic recession these countries have experienced since the early 1990s.