Qatar's oil and gas sector GDP fell 25.8% year on year in the first quarter of 2026, dragging overall GDP down 7.0%, according to Jiemian News. Qatar's National Planning Council said the decline reflected escalating regional geopolitical tensions and restrictions on shipping and exports. Non-oil GDP rose 3.5% in the quarter, with wholesale and retail up 9.0%, construction up 6.2%, real estate activity up 6.1%, and finance and insurance up 4.8%. The council said regional tensions have affected trade routes and pushed up transport and insurance costs, while the government has sought to cushion the impact through measures to secure basic goods and services, maintain supply-chain stability, and support businesses and consumers.