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Prospects for the Gulf states to end-2019

Monday, June 17, 2019

Subject

Prospects for the Gulf states to end 2019

Significance

In the absence of a Gulf conflict, oil prices will keep steady, boosting the coffers of Gulf Cooperation Council (GCC) states. The focus on the Iran crisis has taken the sting out of the controversy sparked by the assassination of Saudi journalist Jamal Khashoggi, but investment in Saudi Arabia is staying low and capital flight is continuing. Intra-GCC relations remain strained, with the underlying causes -- the war in Yemen, the blockade of Qatar and difference in strategy towards Iran -- unchanged.

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