Iraq & Gulf Cooperation Council

Iraq: Projectiles fired at Saudi Arabia were assessed to have originated from Iraq, leading Saudi Arabia to summon Iraq's ambassador to protest the attacks.

Gulf Cooperation Council: Iran hit all six Gulf Cooperation Council states with missiles and drones.

Iraq: Iraq, the third-largest producer in OPEC, has stated it has no plans to leave OPEC as it desires stable oil prices.

Gulf Cooperation Council: The Gulf Cooperation Council has been criticized by the United Arab Emirates for its weak political and military response to Iranian attacks, contributing to the United Arab Emirates' reassessment of its multilateral ties.

Gulf Cooperation Council: The Gulf Arab states, members of the Gulf Cooperation Council, are considered the biggest losers in the conflict, facing the prospect of a more bitter and harder-line Iranian leadership and heightened confrontation to keep the Strait of Hormuz open.

Gulf Cooperation Council: Growth in the Gulf Cooperation Council is projected to slow significantly to 2% in 2026 from 4.3% forecast in October, with variations among its member economies.