Qatar could be welcomed back in from the cold at a Gulf Cooperation Council (GCC) meeting scheduled to take place on Tuesday afternoon.

The move to end three years of regional isolation for the tiny Middle East Gulf nation would have a significant impact on the regional offshore and shipping sectors.

Kuwait’s foreign ministry revealed on Monday night that Saudi Arabia will reopen its land and sea borders with Qatar in the first steps towards resolving a political dispute that led Riyadh and its allies imposing a total boycott...