The GCC Should Insure Itself Against the Next Strait of Hormuz Crisis The Gulf Cooperation Council (GCC) is facing a critical moment of truth as the ongoing crisis in the Strait of Hormuz exposes deep seated divisions within the bloc, threatening its very existence.
Unilateralism is winning over collective action as member states struggle to cope with the economic fallout. Saudi Arabia and the UAE have been able to reroute some oil exports, while Oman has barely felt any shock.
In contrast, Kuwait, Bahrain, and Qatar are facing economic contraction, cut off from the global market.