Aya Batrawi
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Aya Batrawi, NPR News, Dubai.
Major airports from Doha to Dubai have seen traffic drop dramatically because of the war, affecting revenue across the Gulf.
The International Monetary Fund says the country worst hit economically is Qatar, with a nearly 9% contraction to its economy this year due to a complete suspension of gas production.
The IMF says Iran's economy will shrink 6% this year and that Iraq's will contract by nearly 7%.
These figures are based on assumptions the current ceasefire holds and energy production resumes normal levels by June.
Elsewhere in the region, the report says energy importers like Egypt, Jordan, Lebanon and Pakistan have had to spend more due to soaring oil and gas prices widening their fiscal deficits.
Saudi Arabia supports Pakistan's efforts at a ceasefire in Iran, but not all Gulf countries have.
The United Arab Emirates has been pushing for a more hawkish deal than the current two-week deal brokered by Pakistan.
Just before Prime Minister Shabazz Sharif's visit to Saudi Arabia, Pakistan announced that Saudi Arabia had committed an additional $3 billion in deposits for the country.
It comes as Pakistan is expected to repay a $3.5 billion loan to the UAE.
Sharif is scheduled to also visit Qatar and Turkey in a tour that runs through Saturday, making it unlikely that Pakistan will host a second round of U.S.
Central Command says fighter and surveillance aircraft and more than a dozen U.S.
warships are enforcing a blockade of the Strait of Hormuz to prevent Iranian cargo from passing.
Aya Bhattarawi, NPR News, Dubai.
Pakistan's state TV showed Iran's Parliament Speaker Mohammad Begir Khalibaf and Foreign Minister Abbas Arachi being welcomed on the tarmac in Islamabad by senior Pakistani officials.
The Iranian team will be holding talks with Vance, who's traveling with Special Envoy Steve Witkoff and President Trump's son-in-law Jared Kushner.
Trump says his top priorities now are ensuring Iran has no nuclear weapon and that the Strait of Hormuz opens for shipping.