EghtesadOnline: The Saudi-led bloc boycotting Qatar said a counter-terrorism pact struck with the U.S. in Doha to strengthen Qatari action against terrorist funding “isn’t enough” to end the Persian Gulf diplomatic crisis.
EghtesadOnline: Iranian Foreign Minister Mohammad Javad Zarif has expressed concern over the deteriorating crisis involving Qatar and some other Arab countries in the Persian Gulf, saying Tehran is ready to help resolve the crisis.
EghtesadOnline: Efforts to end a two-week-old crisis in the Persian Gulf shifted to the U.S., with Secretary of State Rex Tillerson canceling a trip to Mexico to try to end a Saudi-led coalition’s isolation of Qatar.
EghtesadOnline: Iranian foreign minister Mohammad Javad Zarif emphasized that blockades, sanctions, threats and punishment can’t be resultful for solving the crisis in Persian Gulf Cooperation Council.
EghtesadOnline: The worst crisis in decades among the Gulf’s Arab monarchies intensified on Wednesday, with a Saudi-led alliance imposing more punitive sanctions against Qatar and a senior U.A.E. official playing down the chances of a quick diplomatic resolution.
EghtesadOnline: The fallout from Monday’s shock move by four U.S. Arab allies to isolate Qatar over its ties to Iran was felt across the region on Monday, as flights were canceled and Qatari stocks plunged the most since 2009.
EghtesadOnline: Qatar’s state airline is set to become the biggest loser from the diplomatic breakdown in the Persian Gulf—with competitors in Dubai and Abu Dhabi also set to suffer.
EghtesadOnline: The windfall from being the world’s largest exporter of liquefied natural gas has allowed Qatar to amass about $335 billion of investments around the world through its sovereign wealth fund. Now, a diplomatic spat with neighboring countries threatens to hamper the Qatar Investment Authority’s ability to continue making headline-grabbing global deals.
EghtesadOnline: Oil climbed as a political spat between several energy-producing nations in the Middle East escalated, while a slide in industrial metals dragged European stocks lower. The pound pared earlier losses in the wake of a terror attack in London.