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This article explores the relationship between international‐relations theories and Cold War and post‐Cold War historical dynamics in the Middle East, in particular the Gulf. It first identifies the theoretical approaches that have been applied or that have failed to be applied to the region's changing geopolitics, then delves into Cold War history and its impact on the Middle East and the Gulf by examining the crucial changes to the Gulf security system sparked by developments in the 1970s and the Iran‐Iraq War of 1980–1988. The article next investigates the extent to which the interplay of post‐Cold War regional conflicts and key events, from the Iraq wars of 1991 and 2003 to the Arab Spring, have impacted the Gulf subregional system. The final part scrutinizes the shifting intra‐ and extraregional Gulf politics and how theoretically informed approaches inspired by international political economy can accommodate these geopolitical changes. The article is part of a special issue examining the responses of Gulf countries to rising Sino‐American competition, edited by Andrea Ghiselli, Anoushiravan Ehteshami, and Enrico Fardella. [ABSTRACT FROM AUTHOR]