Gulf Cooperation Council & West Texas Intermediate

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.

West Texas Intermediate: West Texas Intermediate (WTI) crude prices have also fallen to pre-war levels, reflecting the improved outlook for oil supply following the partial reopening of the Strait of Hormuz.

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.

West Texas Intermediate: US West Texas Intermediate crude futures also fell significantly, mirroring the market's reaction to the US-Iran interim deal and the improved global supply outlook.

Gulf Cooperation Council: The Gulf Cooperation Council has condemned Iran's attacks on Kuwait and Bahrain, reaffirming solidarity with its member states and stressing the need for regional stability.

West Texas Intermediate: West Texas Intermediate prices have been affected by the Strait of Hormuz disruption and the US-Iran conflict, showing market volatility in response to geopolitical events.

Gulf Cooperation Council: The Gulf Arab states, members of the Gulf Cooperation Council, are considered the biggest losers in the conflict, facing the prospect of a more bitter and harder-line Iranian leadership and heightened confrontation to keep the Strait of Hormuz open.