With the Persian Gulf oil supplies as vital as ever to the global economy, the quest for reliable security in this region has never been more important rather than now and for near and far future. Roughly 25 percent of the world's oil production derives from the Persian Gulf. It enjoys as much as two-thirds of the world's oil reserves, and its oil is absurdly economical to produce. This region, with 622,000 million barrels of crude oil, is the world’s most important oil storage and reservoir. The paper tries as its major question to propose a general framework describing the security system of Persian Gulf which is in a gradual and sensible transition now and especially for the near future. Any assessment of new situations of Power equations in Persian Gulf should cover a range of factors that are influenced by the political systems of the reginal countries and policies of the peripheral and extra-regional powers. Our research and study method relies on the descriptive-analytical method, and we try to analyze the data by referring to documents and expert opinions. The proposed idea of a "Persian Gulf Security Council (PGSC)" aims to establish a cooperative, viable, and firm regional security framework for the Persian Gulf, composed exclusively of regional states with observer members consisting of peripheral and trans-regional actors, seeking to foster stability, conflict resolution, and cooperation in security.