There remains a major existential crisis to GCC security and stability, to the countries’ economies and to getting back on track, reopening of airspace, normalising airport operations, getting tourists back and getting residents to return. As long as the Strait of Hormuz remains closed, and there isn’t that normal maritime activity of cargo vessels of oil and gas, then that remains an existential problem for the GCC. However, after that ceasefire announcement by Trump, there would have been a sigh of relief knowing that the aerial bombardment was unlikely to begin once again.
