Qatar sharply cuts spending due to war with Iran

Government agency budgets have been cut by 30%, foreign aid by approximately 85%.

The Iranian strikes on Ras Laffan—the world's largest LNG hub—reduced the country's export capacity by 17%. Disruptions in the Strait of Hormuz further restricted supplies. Infrastructure recovery may take 3 to 5 years.

The IMF forecasts Qatar's economy will contract by 8.6% in 2026. Qatar and Kuwait are losing about $1.5–2 billion per week due to declining energy revenues.