Importance of Persian Gulf in International Political Economy

Donya-e-Eqtesad wrote about the importance of the Persian Gulf in the international economy. The paper said: The dependence of major powers on Persian Gulf energy riches has put the Persian Gulf at the center of developments. The Persian Gulf’s strategic importance stems from its vast energy resources and its function as a critical transit hub for global energy markets. The evolving role of the Persian Gulf Cooperation Council (GCC) countries—Saudi Arabia, the UAE, and Qatar—has positioned them as influential players in international affairs.

The regional leaders are shifting their approach from traditional neighborly relations to broader economic and diplomatic engagements. This includes mediation efforts between Iran and the U.S., as well as initiatives aimed at resolving regional conflicts through macro-economic projects. Strengthening cooperation between Iran and its southern Persian Gulf neighbors could pave the way for new economic and diplomatic frameworks.