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Gulf States Brace for Impact as Qatar Pushes Last-Minute Iran Deal

Brent crude stands at a 60% premium while mediators in Doha seek to prevent new U.S. strikes ahead of the American midterm elections.

By Olga Menon ·

Illustration for: Gulf States Brace for Impact as Qatar Pushes Last-Minute Iran Deal
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Qatar is leading a final mediation effort to prevent new American military strikes on Iran. The initiative has intensified over the past 72 hours, with Qatari mediators visiting Tehran and an Iranian delegation meeting in Doha. The diplomatic push aims to stabilize the region before the United States holds its midterm elections on Tuesday.

Iranian Foreign Minister Abbas Araghchi told state media that a definitive conclusion has not yet been reached. He described a proposed two-day plan that would pause Iranian attacks on ships in the Strait of Hormuz. This pause is intended to allow direct talks between Washington and Tehran to resume.

President Donald Trump addressed the potential for renewed conflict from a Halloween party at Mar-a-Lago. He stated that the U.S. is not in a hurry. Trump claimed that American forces have destroyed almost all of Iran's military equipment and manufacturing capabilities. He noted that only one or two nuclear sites remain and said the U.S. could handle them in 10 minutes.

The war, which began eight months ago, has weakened Iran but not toppled its regime. The U.S. and Israel killed Iran's supreme leader and top military commanders. They also destroyed many ships and missile production sites. Despite these losses and crippling economic sanctions, the Iranian Revolutionary Guard remains capable of inflicting damage on neighboring Gulf Arab countries.

The conflict has already disrupted global energy markets. Brent crude oil prices are 60% higher than they were before the war began. The closure of the Strait of Hormuz has driven these increases. Gulf states, which are major oil and gas producers, are feeling the economic strain of the ongoing instability.

Iran's new supreme leader, Mojtaba Khamenei, sent a message to senior armed forces commanders this weekend. He ordered that any threat to the country be met with an immediate response without geographical limitations. Iranian state media interpreted this to mean that new Israeli or U.S. attacks would cause even greater damage than previous engagements.

Physical damage from the conflict is visible in Bahrain, an island nation in the Persian Gulf. The country hosts the U.S. Navy's 5th Fleet. On the first day of the war in February, Iranian forces struck the 5th Fleet's logistics hub and warehouses. Radar equipment was hit, and warehouses were charred and blackened. The base once housed 8,000 military personnel. That number has since dropped to fewer than 100.

Bahrain's Foreign Minister Abdullatif Al Zayani spoke at the Manama Dialogue security forum. He highlighted the many missiles and drones Iran fired at the country, targeting both U.S. military sites and civilian infrastructure. He noted that Iran's Revolutionary Guard has threatened to hit undersea internet cables in the Strait of Hormuz if the war resumes. He described this shared artery as a tool of pressure and threat.

Gulf Arab states view Iran as a top security threat but also as a close neighbor. They welcome U.S. pressure on Iran but do not want a full-scale war. Anwar Gargash, a senior Emirati diplomat, spoke at the summit about the need for political tools. He said military solutions will only complicate the scene and will not bring a quick off-ramp to the solution.

Economies across the Gulf are suffering as the war shakes traditional safe havens for investment and tourism. Saudi Arabia is also struggling to protect its airports and oil facilities from attacks by Iran-backed Houthis in Yemen. The unified message from the region is that further attacks on Iran would be devastating to all parties involved.

Source: WUWM

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