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International Business Times

World

Talek Harris with Robbie Corey-Boulet in Riyadh and Callum Paton in Doha

'Bad For Business': Gulf States Scramble To Avert Wider War

Gulf United States Iran Israel Andreas Krieg GCC Mohammed bin Salman Middle East Saudi Arabia Qatar

The Gulf states' expensive economic diversification plans rely on a peaceful environment for business and tourism, which is jeopardised by hostilities between Israel and Iran (Credit: AFP)

Gulf states are grappling with the widening Middle East conflict as hostilities between Iran and Israel threaten their security and ambitious plans to reshape their economies.

Leaders of the resource-rich Gulf monarchies engaged in a rapid round of diplomacy after last weekend's Iranian drone and missile strikes on Israel raised the spectre of a regional conflagration.

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