Gulf economies face long-term challenges from Iran conflict

A group of officials from Gulf Cooperation Council countries discusses security strategies during a summit amid rising tensions related to the Iran conflict.

In recent months, incidents such as drone attacks on oil facilities in Saudi Arabia, attributed to Iranian-backed groups, have raised alarms among Gulf states. These attacks have led to temporary disruptions in oil supply, contributing to fluctuations in global oil prices. The heightened state of alert has prompted Gulf nations to reassess their security strategies … Read more