Israel's possible military actions in the Persian Gulf region can seriously damage the international gas markets. This was announced by Iran's Foreign Minister Abbas Araghchi, emphasizing that both suppliers and consumers will suffer. "There is serious concern among gas suppliers, as well as consumers, about the devastating impact that any Israeli military adventure in the Persian Gulf could have on international markets." He went to X. Iran's Foreign Minister also emphasized that Iran's energy diplomacy "experienced development" during the 8th summit of the Gas Exporting Countries Forum (GAEF) held in Moscow on Tuesday. He added that the discussions referred to "global gas markets and energy security". The Forum of Gas Exporting Countries is an intergovernmental organization that aims to strengthen cooperation and dialogue between gas producing and exporting countries, as well as to contribute to the stability and name of the global gas market. To the king. The first ministerial meeting of the forum took place in 2001 in Tehran. The forum of gas exporting countries includes Russia, Iran, Algeria, Bolivia, Egypt, Equatorial Guinea, Libya, Nigeria, Qatar, Trinidad and Tobago, the United Arab Emirates and Venezuela. Angola, Azerbaijan, Iraq, Malaysia, Mauritania, Mozambique, Peru and Senegal are observer states. Member countries own around 70% of the world's proven gas reserves, 38% of world production, 42% of world gas exports and 47% of liquefied natural gas (LNG) exports.