Manama, Bahrain – The Gulf Cooperation Council (GCC) affirmed that any potential closure of the Strait of Hormuz would pose a direct threat to the global economy.
The Council emphasized the need to prioritize dialogue and diplomacy to prevent further escalation in the region.
This came during a meeting of GCC foreign ministers held in the Bahraini capital,
Manama, chaired by Bahraini Foreign Minister Abdullatif bin Rashid Al Zayani.
The foreign ministers of the other member states also attended the meeting.
Dialogue is a means to resolve crises
Secretary-General of the Gulf Cooperation Council, Jassem Al-Budaiwi,
said that the security of the Gulf states represents an integrated and indivisible system.
He also stressed the importance of returning to the diplomatic track and dialogue as a means of resolving current crises and conflicts.
Al-Budaiwi explained that the repercussions of any closure of the Strait of Hormuz will not be limited to the countries of the region.
Rather, these repercussions will affect various global economies,
given the vital role that the Strait plays in the movement of international trade and energy.
Potential economic impacts
He added that the potential economic repercussions would be far-reaching and extend beyond the Middle East.
Therefore, intensified political and diplomatic efforts are required to prevent
further deterioration of the situation and to maintain the stability of energy markets and global supply chains.
The Secretary-General of the Gulf Cooperation Council stressed the necessity of joint action to reduce regional tensions.
He also affirmed that the stability of the Gulf region remains a fundamental element of global economic stability and international energy security.
