DUBAI: Gulf States are grappling with the widening Middle East conflict as hostilities between Iran and Israel threaten their security and ambitious plans to reshape their economies. Leaders of the resource-rich Gulf monarchies engaged in a rapid round of diplomacy after last weekend’s Iranian drone and missile strikes on Israel raised the spectre of a regional conflagration.
The desert countries lie across the Gulf from Iran, placing them on the doorstep of the latest crisis after months of tensions generated by the Israel-Hamas
war in Gaza. US military facilities are scattered around the six Gulf Cooperation Council (GCC) countries, and Saudi Arabia and the United Arab Emirates have both faced previous attacks on oil facilities by Yemen’s Iran-backed Houthi rebels.
The Gulf countries share an “overall realisation that conflict is bad for business and avoiding conflict comes now almost at any cost”, said King’s College London Middle East analyst Andreas Krieg. On Monday, Qatar’s emir, Sheikh Tamim bin Hamad Al-Thani, spoke to the Iranian president about the “need to reduce
all forms of escalation and avoid the expansion of conflict in the region”, the official Qatar News Agency reported.
And on Sunday, UAE President Mohamed bin Zayed spoke to Qatar’s emir and the kings of Jordan and Bahrain, state media said, while Saudi Arabia’s de facto
leader Crown Prince Mohammed bin Salman talked with Iraq’s prime minister. Saudi Arabia’s foreign minister spoke with his counterpart in Iran, and the Saudi
defence minister held discussions with his US counterpart. Much is at stake for the wealthy, US-friendly Gulf States, whose expensive economic diversification plans, aimed at securing their futures post-fossil fuels, rely on a peaceful environment for business and tourism.
