It's a bit of a stalemate. Both sides feel like they have leverage, and I think both sides are right to feel that way. It seems the Trump administration does not feel time pressure; they don't feel a need to cave on any of their objectives at the moment. Iran probably feels the same way.
The Ministers strongly condemned the unjustifiable Iranian attacks against the GCC countries which threaten regional and global security and called on Iran to cease immediately its attacks, they said in a joint EU-GCC statement. The statement also reaffirmed that Gulf countries have the right to take all necessary measures to defend their security and stability and protect their territories, citizens and residents.
The ongoing conflict between the US and Israel against Iran is creating significant challenges for Gulf Arab nations, which are already feeling the economic strain from rising tensions and instability in the region.
Qatar's minister of state for foreign affairs, Mohammed bin Abdulaziz Al Khulaifi, speaks with Talk to Al Jazeera, as the Gulf faces its most dangerous escalation in years after coming under Iranian drone and missile attacks. Al Khulaifi condemns Iran's aggression, warns that attacks on energy infrastructure threaten global markets, and argues that Gulf security is inseparable from global stability.
The global impact of the Gulf countries is not limited to oil. This region is a hub of the international economy and if it decides to focus on its defense and to start pulling investments and to stop its [economic] engagement with the international community, the effect will be felt in every household in the world.
