Qatar posts largest quarterly deficit in a decade as gas revenue collapses

TREE NEWS reports: Qatar recorded its largest quarterly budget deficit in nearly a decade, with gas revenue almost wiped out by the US-Iran conflict effectively closing the Strait of Hormuz. The finance ministry said on X that the Q2 shortfall reached 21.2 billion riyals ($5.8 billion), the highest since end-2016 and nearly double the prior quarter’s 10.3 billion riyals.