Iran and GCC verge upon new era of oil ties


Al-Monitor Pro Members


Dr. Bijan Khajehpour

Managing Partner, Eurasian Nexus Partners, Vienna, Austria


April 24, 2023

Bottom Line:

The argument that Iran and its Arab neighbors will never cooperate in the field of petroleum because they are competitors is outdated. A new era of cooperation is slowly emerging, yet the state structures that have been shaped based on a win-lose mentality will not transform overnight. Shifting political wills and increasing commercial rationales will shape the new patterns of interaction between the petroleum sectors of Iran and the GCC, but it will be a slow process. 

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