Cabinet reviews regional shifts, supports US-Iran understanding

Kuwait City – Kuwait's Cabinet has expressed optimism regarding a framework agreement between the United States and Iran aimed at ending their conflict. During its weekly session on Wednesday, the Cabinet welcomed the deal, anticipating it would usher in lasting peace and stability across the region and beyond.

The ministers called for an immediate and effective halt to military operations on all fronts. They also emphasized the importance of ensuring free and safe navigation in the Strait of Hormuz. The Cabinet acknowledged the mediation efforts of Pakistan and Qatar in bridging the gap between the warring parties. The agreement is slated for signing on Friday in Geneva, Switzerland.

Kuwaiti officials hope the deal will foster sustainable solutions to outstanding issues between Tehran and Washington. Key conditions highlighted for regional and global security include mutual respect, non-interference in internal affairs, and the renunciation of force. The government stressed that the return of investment activity, particularly in the real estate sector, hinges on the success of these negotiations and the achievement of a stable agreement.

Real estate experts in Kuwait anticipate positive effects on the market in the latter half of 2026, provided regional stability returns. Geopolitical tensions had led many investors to postpone decisions, impacting transaction volumes. The return of stability is expected to boost investor confidence, channeling liquidity into the real estate market, supported by non-oil sector growth and reforms like the housing finance law.