Leaders of the Gulf Cooperation Council (GCC) member states held an Extraordinary summit in Jeddah, Saudi Arabia, on Tuesday to discuss the region’s "security situation," according to official media.

The talks come more than two weeks after a ceasefire began between Iran on one side and ‘Israel’ and the United States on the other, following a five-week war during which Gulf states were hit by Iranian strikes targeting oil and critical infrastructure facilities.

The region is also grappling with severe economic fallout after Iran closed the strategic Strait of Hormuz, through which one-fifth of global oil and liquefied natural gas production normally passes.