Gulf Cooperation Council & Petroleum
15 shared events · Importance 5 · Last updated Jul 19, 2026
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International
Gulf Cooperation Council: The GCC condemned the attacks as a dangerous escalation and called for international action to safeguard maritime transit. It expressed full solidarity with the UAE.
Petroleum: Petroleum is directly affected as the strait carries a fifth of global oil supplies. Attacks and blockade risk supply disruptions, impacting prices and markets.
Aug 08, 2026 · 174 articles
International
Gulf Cooperation Council: Gulf Cooperation Council are eager to end the conflict due to the risk of damage to their infrastructure and disruption of oil and gas exports through the Strait of Hormuz.
Petroleum: The standoff between the United States and Iran has choked off nearly all exports of crude oil through the Strait of Hormuz, impacting global supply.
Jun 02, 2026 · 162 articles
International
Gulf Cooperation Council: The Gulf Cooperation Council (GCC) nations are strategic US allies that have expressed concerns about the Iran deal and have met with Marco Rubio to discuss regional security.
Petroleum: The price of oil has been significantly impacted by the closure and subsequent partial reopening of the Strait of Hormuz. The easing of supply concerns due to increased traffic through the strait has led to oil prices falling to pre-war levels.
Apr 20, 2026 · 390 articles
International
Gulf Cooperation Council: The Gulf Cooperation Council (GCC) strongly condemned Iran's continued attacks on Kuwait, reaffirming full support for Kuwait's security and stability.
Petroleum: The price of Petroleum has risen significantly since the start of the conflict, trading above $92 a barrel, reflecting the global economic impact of the escalating tensions.
May 27, 2026 · 338 articles
International
Gulf Cooperation Council: The Gulf Cooperation Council (GCC) met with US Secretary of State Marco Rubio, calling for an end to Iran's attacks and unrestricted navigation in the Strait of Hormuz, reflecting regional concerns over stability and shipping.
Petroleum: Petroleum prices rose following the attack, reflecting market concerns about disruptions to global oil flows through the Strait of Hormuz.
Apr 20, 2026 · 338 articles
International
Gulf Cooperation Council: The Gulf Cooperation Council countries are key trading partners for India and are expected to contribute to a $300 billion reconstruction fund for Iran if it complies with the agreement.
Petroleum: Petroleum prices have been highly volatile due to the conflict and the closure of the Strait of Hormuz. The interim deal and the reopening of the Strait are expected to lead to a significant increase in oil supply, potentially causing a 'mini glut' in the short term and stabilizing prices, which is beneficial for importing nations like India.
Apr 20, 2026 · 302 articles
International
Gulf Cooperation Council: The GCC has urged restraint and preservation of diplomatic gains.
Petroleum: Oil prices rose above $86 per barrel due to the strait closure, impacting global energy markets.
Apr 20, 2026 · 480 articles
International
Gulf Cooperation Council: The GCC endorses the potential Iran-Oman deal on the Strait of Hormuz, supporting regional stability and de-escalation.
Petroleum: Petroleum prices are affected by the attacks on Saudi infrastructure and threats to the Strait of Hormuz, with supply disruption risks supporting prices.
Aug 08, 2026 · 86 articles
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