The United Arab Emirates (UAE) and Israel have normalized relations. As part of the deal, Israel has suspended the annexation of the West Bank.
The UAE is one of six members of the Gulf Cooperation Council (GCC). The members are the United Arab Emirates, Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia.
The GCC issued a statement this week urging the United Nations to extend an international arms embargo on Iran.
In 2019, the Saudi oil field was attacked and half of Saudi Arabia’s oil exports were shutout. The September 14, 2019 attack dropped Saudi oil production from 9.8 to about 4.1 million barrels of oil a day. This was 5.7 million barrels of oil a day or about 5% of global production. About 2 weeks later production were still down by 1.8 million barrels per day.
Saudi Arabia and the rest of the GCC need a US-supplied integrated missile defense system to defend against such drone and missile attacks.
Nextbigfuture predicts that more deals will be made with Israel and at least some of the other GCC countries will follow. There is a high likelihood this will happen within three months. The geopolitical, military and economic interests are aligned for the deals and for the timing.
SOURCES- Bloomberg, Foreign Policy
Written by Brian Wang, Nextbigfuture.com
Brian Wang is a Futurist Thought Leader and a popular Science blogger with 1 million readers per month. His blog Nextbigfuture.com is ranked #1 Science News Blog. It covers many disruptive technology and trends including Space, Robotics, Artificial Intelligence, Medicine, Anti-aging Biotechnology, and Nanotechnology.
Known for identifying cutting edge technologies, he is currently a Co-Founder of a startup and fundraiser for high potential early-stage companies. He is the Head of Research for Allocations for deep technology investments and an Angel Investor at Space Angels.
A frequent speaker at corporations, he has been a TEDx speaker, a Singularity University speaker and guest at numerous interviews for radio and podcasts. He is open to public speaking and advising engagements.