Gulf Arab States Seek Neutrality Amid Iran-Israel Tensions

In recent meetings in Doha, Gulf Arab states emphasized their neutrality amid escalating tensions between Iran and Israel, particularly following Iran's significant missile attacks on Israel. Iran claims these attacks are retaliation for Israeli operations against Hamas and Hezbollah leaders, raising fears of a broader conflict that could disrupt vital oil infrastructure. Consequently, oil prices surged above $75 per barrel, with analysts warning that a military response from Israel targeting Iranian oil facilities could significantly impact global oil supply. Former Israeli officials and analysts suggest that while targeting Iran's oil sector could weaken Tehran, it might also lead to soaring oil prices and unintended regional repercussions. Gulf states are urging restraint to prevent destabilization of the oil markets, which are already sensitive to geopolitical tensions. The situation remains fluid as both sides prepare for potential escalations, with the U.S. eager to avoid spikes in oil prices ahead of upcoming elections.