Fitch expects oil price will stay above fiscal break-even levels for all GCC sovereigns, except Bahrain, Saudi and more marginally, Oman

• Expects another year of robust economic growth in the Middle East in 2026, despite lower oil prices.

Fitch's outlook suggests that, while oil prices are anticipated to remain above fiscal break-even levels for most GCC countries, Bahrain and to a lesser extent Oman might struggle. This indicates a risk of economic pressures for those countries, but overall, the forecast of robust economic growth in the region for 2026 implies some resilience despite potential volatility in oil prices. Traders should consider how this could impact energy stocks and the broader commodities market.