Impact of the GCC Crisis on Global Energy Market

For decades, Gulf Cooperation Council (GCC) countries have been a pillar of the global energy market for their wealth of resources and political stability. However, their current infighting might lead to a strategic shift in how the world looks at the geopolitics of the GCC. The diplomatic row that began on June 5, when Saudi Arabia, the United Arab Emirates (UAE), and Bahrain cut diplomatic relations, transport links, and trade ties with Qatar, has been contained but remains in place. While there is no immediate impact on energy trade, the uncertainty and longevity of the crisis might have long-term reverberations in the global market. Click here to read my latest policy analysis.