S&P Global Ratings affirmed Jordan at BB- long-term and B short-term, outlook stable. Cargo at Aqaba port is 16 per cent higher. The firm puts the 2026 deficit at 2.2 per cent of gross domestic product. At the end of 2026 it sees gross reserves near 26 billion dollars. Iraqi export volume fell from about 3.4 million barrels a day before the war to about 2 million barrels a day by early August after the Strait of Hormuz closed on 28 February 2026.
S&P Global Ratings affirmed Jordan at BB- for long-term and B for short-term borrowing with a stable outlook. It pointed to reform, higher reserves and donor support against security risk, heavy government debt and a current account deficit. S&P expects growth of 2.5 per cent this year, for 2025 2.8 per cent, and from 2027 to 2029 an average of 3.2 per cent.[1]
Cargo volumes at Aqaba port are 16 per cent higher than a year earlier as neighbouring countries route shipments around regional maritime bottlenecks. S&P raised its 2026 consolidated deficit estimate from 1.6 per cent of gross domestic product to 2.2 per cent on higher security spending, and sees the gap narrowing in 2029 to 0.3 per cent. Net general government debt is put at 77.2 per cent of output this year and, for 2029, 74.1 per cent, with the current account deficit widening to 7.2 per cent. At the end of 2026 it sees gross reserves near 26 billion dollars.[1]
Neighbouring countries route shipments through Aqaba after Iraqi export volume fell from about 3.4 million barrels a day before the war to roughly 2 million barrels a day by early August, once the Strait of Hormuz closed on 28 February 2026. Cargo volumes at the port are 16 per cent higher than a year earlier. S&P puts the 2026 consolidated deficit at 2.2 per cent of gross domestic product, with the current account deficit widening to 7.2 per cent and gross reserves near 26 billion dollars at the end of 2026. Kurdistan Regional Government natural resources minister Kamal Mohammed said fields in the region have restarted except Sarsang, with output running at 220,000 to 230,000 barrels a day. Kurdistan can process 50,000 barrels a day against local demand of 140,000.[1], [2]
