Our region has entered a highly sensitive and dangerous phase amid the escalation of direct or indirect confrontations between the United States and Israel on one side, and Iran on the other. As a result, our countries are being subjected to hostile attacks targeting civilian infrastructure and homes.
The region hosts the world's largest oil and gas reserves and serves as a vital corridor for international energy and trade, particularly through the Strait of Hormuz. Regardless of the nature of these confrontations or their military boundaries, it is certain that their economic repercussions are affecting all countries in the region, foremost among them the Arab Gulf states, which are geographically and economically at the heart of the equation.
The Arab Gulf states are one of the most vital arteries of the global economy.
