Instead of setting up dollar swaps to deepen their ties to the US failstate, they should get in on CIPS and alternative trade settlement systems. These things exist and would gain a great deal of credibility if Gulf states joined.

Also they should kick out the US bases and thereby make their countries a lot safer.

And the export blow is compounded by a sudden halt in tourism and major events

I think tourism will be hit hard for years to come, or at least until Israel has ceased to exist. Who wants to visit an area where a large scale war can be triggered by a vulgar and capricious state in a matter of hours?

Unfortunate. For a moment I believed we were on the precipice of a new era where GCC states will distance themselves from the US. Perhaps there's a subtext, a "or else".

There's a hard wall at $114 a barrel. Trump will sell his daughters to a Saudi prince if it means he'll avoid breaking Biden's record high.