logo
GCC on High Alert as Israel-Iran Conflict Threatens Regional Stability

GCC on High Alert as Israel-Iran Conflict Threatens Regional Stability

Arab Times16-06-2025

KUWAIT CITY, June 16: As direct hostilities between Israel and Iran escalate into what observers are describing as a phase of near-total military devastation, the Gulf Cooperation Council (GCC) convened an emergency meeting to address the widening regional crisis and reinforce calls for an immediate ceasefire.
Now entering its fourth day, the unprecedented confrontation between the two arch-rivals has seen strikes deep within both countries' territories, raising fears of a broader conflict with severe global repercussions. Amid growing international pressure to end the violence, Kuwait has ramped up its diplomatic engagement, with Foreign Minister Abdullah Al-Yahya—current chair of the GCC Ministerial Council—presiding over the Council's 48th extraordinary meeting of foreign ministers.
The meeting, held to assess regional and global developments, focused on enhancing joint Gulf action and intensifying diplomatic efforts to safeguard regional security and stability. In a strongly worded statement, the GCC Ministerial Council condemned Israel's military attacks on the Islamic Republic of Iran, describing them as a flagrant violation of Iranian sovereignty, international law, and the United Nations Charter.
The Council emphasized the urgent need to return to diplomatic dialogue and called for an immediate ceasefire to prevent further regional destabilization. Particular concern was voiced over the risk of targeting nuclear facilities, a move that could have catastrophic consequences for both human safety and environmental security.
The Council urged the United Nations Security Council and the broader international community to intervene decisively, halt the conflict, and facilitate the resumption of stalled U.S.-Iran nuclear negotiations—efforts currently being mediated by the Sultanate of Oman.
Reaffirming its commitment to maritime security, the GCC also highlighted the critical need to protect shipping lanes and commercial vessels across the region. The Council warned against continued attacks on oil infrastructure and trade routes, noting the potential impact on global energy markets and regional economies.
GCC Secretary-General Jassim Al-Budaiwi echoed calls for restraint, warning that continued military escalation could push the region into a full-blown war with unpredictable and uncontrollable consequences. He urged all involved parties to refrain from further military actions and to prioritize diplomatic solutions.
In anticipation of possible fallout, Al-Budaiwi also announced the activation of the GCC Emergency Management Center, tasked with monitoring environmental and radiation safety. 'So far, all technical indicators remain within safe limits and there is no immediate cause for concern,' he said, adding that the region remains on full alert to ensure maximum readiness for any developments.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

War highlights Mideast declining influence on oil prices
War highlights Mideast declining influence on oil prices

Kuwait Times

time3 hours ago

  • Kuwait Times

War highlights Mideast declining influence on oil prices

LONDON: The contained move in oil prices during the Zionist-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics will no longer be the dominant force in oil markets they once were. The jump in oil prices following Zionist surprise attack on Iran was meaningful but relatively modest considering the high stakes involved in the conflict between the Middle East rivals. Benchmark Brent crude prices, often considered a gauge for geopolitical risk, rose from below $70 a barrel on June 12, the day before Zionist initial attack, to a peak of $81.40 on June 23 following the United States' strikes on Iranian nuclear facilities. Prices, however, dropped sharply that same day after it became clear Iran's retaliation against Washington – a well-telegraphed attack on a US military base in Qatar that caused limited damage – was essentially an act of de-escalation. Prices then fell to below pre-war levels at $67 on Tuesday after US President Donald Trump announced that Zionist entity and Iran had agreed to a ceasefire. The doomsday scenario for energy markets – Iran blocking the Strait of Hormuz, through which nearly 20 percent of the world's oil and gas supplies pass – did not occur. In fact, there was almost no disruption to flows out of the Middle East throughout the duration of the conflict. So, for the time being, it looks like markets were right not to panic. Shrinking risk premium The moderate 15 percent low-to-high swing during this conflict suggests oil traders and investors have slashed the risk premium for geopolitical tensions in the Middle East. Consider the impact on prices of previous tensions in the region. The 1973 Arab oil embargo led to a near quadrupling of oil prices. Disruption to Iranian oil output following the 1979 revolution led to a doubling of spot prices. Iraq's invasion of neighboring Kuwait in August 1990 caused the price of Brent crude to double to $40 a barrel by mid-October. And the start of the second Gulf war in 2003 led to a 46 percent surge in prices. While many of these supply disruptions – with the exception of the oil embargo – ended up being brief, markets reacted violently. One, of course, needs to be careful when comparing conflicts because each is unique, but the oil market's response to major disruptions in the Middle East has – in percentage terms, at least – progressively diminished in recent decades. Sense and sensibility There are multiple potential explanations for this change in the perceived value of the Middle East risk premium. First, markets may simply be more rational than in the past given access to better news, data and technology. Investors have become extremely savvy in keeping tabs on near-live energy market conditions. Using satellite ship tracking and aerial images of oilfields, ports and refineries, traders can monitor oil and gas production and transportation, enabling them to better understand supply and demand balances than was possible in previous decades. In this latest conflict, markets certainly responded rationally. The risk of a supply disruption increased, so prices did as well, but not excessively because there were significant doubts about Iran's actual ability or willingness to disrupt maritime activity over a long period of time. Another explanation for the limited price moves could be that producers in the region – again, rational actors – learned from previous conflicts and responded in kind by building alternative export routes and storage to limit the impact of any disruption in the Gulf. Saudi Arabia, the world's top oil exporter, producing around 9 million bpd, nearly a tenth of global demand, now has a crude pipeline running from the Gulf coast to the Red Sea port city of Yanbu in the west, which would have allowed it to bypass the Strait of Hormuz. The pipeline has capacity of 5 million bpd and could probably be expanded by another 2 million bpd. Additionally, the United Arab Emirates, another major OPEC and regional producer, with output of around 3.3 million bpd of crude, has a 1.5 million bpd pipeline linking its onshore oilfields to the Fujairah oil terminal that is east of the Strait of Hormuz. Both countries, as well as Kuwait and Iran, also have significant storage facilities in Asia and Europe that would allow them to continue supplying customers even through brief disruptions. Shifting fundamentals Perhaps the most important reason for the world's diminishing concern over Mideast oil supply disruptions is the simple fact that a smaller percentage of the world's energy supplies now comes from the Middle East. In recent decades, oil production has surged in new basins such as the United States, Brazil, Guyana, Canada and even China. OPEC's share of global oil supply declined from over 50 percent in the 1970s to 37 percent in 2010 and further to 33 percent in 2023, according to the International Energy Agency, largely because of surge in shale oil production in the United States, the world's largest energy consumer. To be sure, the global oil market was well supplied going into the latest conflict, further alleviating concerns. Ultimately, therefore, the Zionist-Iran war is further evidence that the link between Middle East politics and energy prices has loosened, perhaps permanently. So geopolitical risk may keep rising, but don't expect energy prices to follow suit. — Reuters

Trump signals willingness to bomb Iran again amid ongoing conflict
Trump signals willingness to bomb Iran again amid ongoing conflict

Arab Times

time11 hours ago

  • Arab Times

Trump signals willingness to bomb Iran again amid ongoing conflict

WASHINGTON, June 28: US President Donald Trump stated that he would 'absolutely' consider bombing Iran again if intelligence indicated the country was advancing uranium enrichment to concerning levels. Speaking at a White House press briefing, Trump told BBC's Nomia Iqbal that he would 'without question' take military action under such circumstances. The United States became directly involved in the recent Israel-Iran conflict by striking key Iranian nuclear sites with 'bunker buster' bombs last weekend. However, Trump quickly pushed for a ceasefire soon after the attacks. On Thursday, Iran's Supreme Leader Ayatollah Ali Khamenei declared that the strikes had achieved no significant damage, a claim Trump strongly disputed on Friday, asserting that Iran's nuclear facilities had been 'obliterated.' Later that day on his social media platform Truth Social, Trump claimed to know 'EXACTLY' where the ayatollah had been hiding during the conflict. He added that he personally prevented Israeli and US forces from targeting the Iranian leader. It is believed that Khamenei was forced into hiding throughout the two-week war between Israel and Iran. All sides in the conflict have claimed victory. The ayatollah assured Iranians that Israel and its allies had failed to disrupt Iran's nuclear program. Nevertheless, Iranian Foreign Minister Abbas Araghchi acknowledged that 'excessive and serious' damage had been inflicted on Iran's nuclear sites due to recent US and Israeli bombings. In response to Khamenei's remarks, Trump reiterated his stance that Iran had been 'decimated,' questioning why the Supreme Leader would falsely claim victory. Trump also revealed he had been 'working on the possible removal of sanctions' against Iran but halted all progress after the ayatollah's statement, which he described as full of 'anger, hatred, and disgust.' Iran continues to assert that its nuclear program is strictly for civilian purposes. The latest hostilities began when Israel attacked Iranian nuclear and military facilities, killing several nuclear scientists and military officials. Israeli Prime Minister Benjamin Netanyahu warned that 'if not stopped, Iran could produce a nuclear weapon in a very short time.' According to CBS News, the White House has considered multiple strategies to bring Iran back to the negotiating table, including funding a civilian, non-enrichment nuclear program. However, Iran has denied plans to resume talks with the US, contradicting Trump's recent statement at a NATO summit in The Hague that negotiations would restart next week. Iran's health ministry reported 610 deaths during the 12 days of air strikes, while Israeli officials confirmed 28 fatalities in Israel.

Mass Funeral Held In Tehran For Revolutionary Guard Chief And Other War Casualties
Mass Funeral Held In Tehran For Revolutionary Guard Chief And Other War Casualties

Arab Times

time13 hours ago

  • Arab Times

Mass Funeral Held In Tehran For Revolutionary Guard Chief And Other War Casualties

DUBAI, United Arab Emirates (AP) — Thousands of mourners lined the streets of downtown Tehran on Saturday for the funeral of the head of the Revolutionary Guard and other top commanders and nuclear scientists killed during a 12-day war with Israel. The caskets of Guard's chief Gen. Hossein Salami, the head of the Guard's ballistic missile program, Gen. Amir Ali Hajizadeh and others were driven on trucks along the capital's Azadi Street as people in the crowds chanted: 'Death to America' and 'Death to Israel.' Salami and Hajizadeh were both killed on the first day of the war, June 13, as Israel launched a war it said meant to destroy Iran's nuclear program, specifically targeting military commanders, scientists and nuclear facilities. There was no immediate sign of Iran's Supreme Leader, Ayatollah Ali Khamenei, in the state broadcast of the funeral. Khamenei, who has not made a public appearance since before the outbreak of the war, has in past funerals held prayers for fallen commanders over their caskets before the open ceremonies, later aired on state television. Over 12 days before a ceasefire was declared on Tuesday, Israel claimed it killed around 30 Iranian commanders and 11 nuclear scientists, while hitting eight nuclear-related facilities and more than 720 military infrastructure sites. More than 1,000 people were killed, including at least 417 civilians, according to the Washington-based Human Rights Activists group. Iran fired more than 550 ballistic missiles at Israel, most of which were intercepted, but those that got through caused damage in many areas and killed 28 people. Saturday's ceremonies were the first public funerals for top commanders since the ceasefire, and Iranian state television reported that they were for 60 people in total, including four women and four children.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store