Joseph Fahmy: GCC oil market disruptions pose bigger risk to U.S. economy

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28.04.2026

Joseph Fahmy: GCC oil market disruptions pose bigger risk to U.S. economy — GCC oil delivery risk for U.S. economy

Joseph Fahmy, industry influencer, emphasizes that the main threat to the U.S. economy comes from the current difficulties most Gulf Cooperation Council (GCC) countries face in bringing oil to market.

Fahmy argues that this is a larger concern than the possibility of some GCC countries selling oil to China using yuan instead of dollars.

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Brad Setser previously observed that recent drops in foreign exchange reserves are more pronounced in oil-importing nations such as Turkey and India, according to his analysis of FX reserve data. In a separate note, Setser discussed how Chinese export statistics can better capture U.S. import discrepancies. These developments have factored into discussions around energy markets and global trade trends.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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