Gulf countries strengthen oil coordination amid tensions: Kuwait

Mon, 2019-05-20 06:15

KUWAIT CITY: Kuwait’s deputy foreign minister said countries
in the Gulf have strengthened coordination to provide oil to global
markets amid increased regional tensions.
“It is normal amid this escalation that Kuwait and the Gulf
Cooperation Council (GCC) countries take these steps,” Khalid
Al-Jarallah told reporters late Sunday on the sidelines of a
Ramadan sit-down organized by the Iraqi embassy.
“There is cooperation and coordination between Kuwait and the
Gulf countries to provide guarantees for oil tankers and continuous
supply of energy to global markets.”
Jarallah’s comments come days after sabotage attacks against
tankers in highly sensitive Gulf waters and the bombing of a Saudi
pipeline — the latter claimed by Iran-aligned Yemeni rebels.
Both attacks targeted routes built as alternatives to the Strait of
Hormuz, the conduit for almost all Gulf exports.
The US Fifth Fleet headquartered in Bahrain said the six-nation
Gulf Cooperation Council began “enhanced security patrols”
Saturday in international waters, in “tight coordination with the
US navy.”
Iran has repeatedly threatened to close the strait in case of war
with the United States, which earlier this month announced it was
sending an aircraft carrier and strike group to the region.
Kuwait’s deputy foreign minister said “tension was escalating
quickly” but he remained hopeful.
He added Kuwait was in “constant contact” with its ally, the
On Saturday, OPEC giant Saudi Arabia called for urgent meetings of
the GCC and the Arab League to discuss recent “aggressions and
their consequences” in the region.
The two summits are scheduled to be held in Makkah on May 30.
Jarallah welcomed the kingdom’s invitation, saying Kuwait was
keen to take part in discussions on issues “potentially
dangerous” to the region.

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Source: FS – All-News-Economy
Gulf countries strengthen oil coordination amid tensions: Kuwait