Iran targeting of Gulf states can have massive geopolitical impact
By Zein BasraviReporting from Doha
Twenty percent of the world’s energy goes through the Strait of Hormuz, as does much international trade in this region.
The Middle East, especially the Gulf countries, are major centres of economic activity, financial markets, all kinds of investment, and the movement of people.
These are bustling cities with bustling marketplaces, and the majority of the population in much of the GCC are expat workers who come here to live and work.
So it is certainly a major world marketplace that is also currently under attack. I don’t think it is an overstatement to say that what is going to happen now is perhaps a massive shift – economically, geopolitically.
This could be the beginning of major changes in the region. What that looks like, how things are when the guns fall silent – if they do soon enough – is still an open question.
- 4m ago(12:56 GMT)
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- 6m ago(12:54 GMT)
Qatar, Saudi Arabia urge ‘immediate halt’ to escalations during call
Qatar’s emir has spoken to Saudi Arabia’s Crown Prince and exchanged views on the ongoing developments and their impacts on regional and international security.
According to a readout of the call, Qatar and Saudi Arabia stressed the need for an “immediate halt “to any escalations and a return to the negotiation table.
Saudi Arabia affirmed its “full solidarity and support for the State of Qatar, its strong condemnation of the targeting of Qatari territory with Iranian ballistic missiles, and its commitment to providing all possible support to the State of Qatar in all measures it takes to preserve its sovereignty, security and stability”.
Qatar’s emir expressed his “deep gratitude and appreciation for the firm stances of the sisterly Kingdom of Saudi Arabia, and for its sincere fraternal solidarity and unwavering support for the State of Qatar and its people”.
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