Trending

    GCC Condemns Iran's Closure of the Strait of Hormuz Amid Ongoing Crisis

    Section editor: ·Low3 articles covering this·2 news sources·Updated 2 months ago·MENA
    Share:
    GCC Condemns Iran's Closure of the Strait of Hormuz Amid Ongoing Crisis

    Here's what it means for you.

    The ongoing tensions in the Strait of Hormuz could impact global energy prices and supply chains, affecting your business operations.

    What happened

    On April 19, 2026, the Gulf Cooperation Council (GCC) endorsed an International Maritime Organization (IMO) resolution condemning Iran's closure of the Strait of Hormuz.

    The Context

    • Ongoing crisis: The Strait of Hormuz has been closed since March 2, 2026, due to Iranian military actions, disrupting 20% of global seaborne oil trade.
    • International response: The GCC's support for the IMO resolution highlights regional unity against Iranian threats and emphasizes the need for international law enforcement.
    • Economic impact: Fuel prices surged, with Dubai crude reaching $166 per barrel, straining households and businesses in the UAE.

    The Number

    20 million

    barrels of oil per day normally transit the Strait of Hormuz, underscoring its critical role in global energy trade.

    Takeaway

    As diplomatic efforts continue, the situation remains fluid, and further developments could significantly influence energy markets and international relations.

    3 Articles
    Al Bilad

    مجلس التعاون يؤكد ضرورة ضمان حرية الملاحة.. ترحيب خليجي بالإدانة الدولية لإغلاق هرمز

    The Secretary-General of the Gulf Cooperation Council, Jassim Mohammed Al-Budaiwi, welcomed the International Maritime Organization's legal committee's decision condemning Iran for allegedly closing the Strait of Hormuz and for attacks and threats ag...

    2 months ago
    Read Full Article
    Al Khaleej

    البديوي يشيد بدور الإمارات في اعتماد قرار اللجنة القانونية للمنظمة البحرية الدولية

    Jassim Mohammed Al-Budaiwi, the Secretary-General of the Gulf Cooperation Council, welcomed the decision of the Legal Committee of the International Maritime Organization, highlighting the significance of this development for maritime governance.

    2 months ago
    Read Full Article
    Al Khaleej

    البديوي يشيد بدور الإمارات في قرار «البحرية الدولية» بإدانة الهجمات الإيرانية

    Jassim Mohammed Al-Budaiwi, the Secretary-General of the Gulf Cooperation Council, welcomed the decision of the International Maritime Organization to condemn Iranian attacks. This decision reflects a significant stance against maritime security thre...

    2 months ago
    Read Full Article