The GCC should insure itself against the next Strait of Hormuz crisis
The Gulf Cooperation Council (GCC) is facing significant challenges due to the ongoing US-Israel war on Iran, which has impacted member states differently. While some countries have managed to adapt, others are at risk of economic contraction and require collective action to address the crisis. Establishing mechanisms for solidarity, such as swap arrangements, could help mitigate the consequences of future threats and maintain GCC unity.
- ▪Oman has been largely unaffected by the crisis, while Kuwait, Bahrain, and Qatar face economic challenges.
- ▪The GCC needs to demonstrate unity through collective action to address the ongoing crisis.
- ▪Self-interested approaches among member states could lead to severe economic consequences for the entire GCC.
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OPINIONOPINION, Opinion|GCCThe GCC should insure itself against the next Strait of Hormuz crisisFor that, collective action would be needed now.By Nikolay Kozhanov and Şaban KardaşPublished On 24 May 202624 May 2026ListenListen (8 mins)SaveClick here to share on social mediashare-nodesSharefacebookxwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoOil tanks at Saudi Aramco facility in Abqaiq [File: Maxim Shemetov/Reuters]The crisis caused by the US-Israel war on Iran has affected the member states of the Gulf Cooperation Council (GCC) at different levels.Oman has barely felt any shock as its ports and terminals continue operating as usual.
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