Qatar said on Saturday it remained committed to the Gulf Cooperation Council (GCC) but the bloc needed to enforce its own rules better, signaling a reformed alliance could help end a row between Doha and some of its neighbors.
Qatar is still counting on Kuwait and other regional powers to help solve the Gulf crisis and revive the Gulf Cooperation Council (GCC), Qatar's foreign minister, Sheikh Mohammed bin Abdulrahman Al Thani said on Saturday.
Qatar recently announced that it will leave OPEC next year, withdrawing after 57 years of membership. The surprise move reveals the deep fissures within OPEC as the cartel's decision-making power coalesces around Saudi Arabia and non-member Russia, writes Varsha Koduvayur, a senior research analyst at the Foundation for Defense of Democracies. It's likely to create increased oil market volatility while feeding anti-OPEC invective in Washington.
Saudi Arabia is seeking an alliance with six countries bordering the Red Sea and the Gulf of Aden, a strategic area vital to global shipping and increasingly an arena of contention with regional rivals like Iran, Turkey and Qatar.
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