What are the impacts of Sliding Oil Prices on Regional Security and Stability in the Gulf Region?

Empirical analyses have determined a correlation between high oil prices and the potential for inter-state conflict and instability. This correlation has been proof for countries where oil exports represent more than the 10 per cent of the GDP. Between mid-2014 and the third quarter of 2017, oil prices have been constantly marking historical minimums. Framing this context, old and new diplomatic, political, financial, societal and geopolitical factors have been configuring an international ecosystem submerged into deep contradictions and radical and unexpected shifts. This paper assesses the impacts of a long period of low oil prices on regional stability and security by focusing on the Gulf region. The findings reveal that a long span of time with sliding oil prices has accentuated the risk of potential conflict and regional instability.