• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Wind droughts
  • 1 day "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
  • 1 day GREEN NEW DEAL = BLIZZARD OF LIES
  • 11 hours "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 10 hours "How to Calculate Your Individual ESG Score to ensure that your Digital ID 'benefits' and money are accessible"
  • 18 hours Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 7 days "Forget Oil, The Real Crisis Is Diesel Inventories: The US Has Just 25 Days Left" by Zero Hedge - 5 Stars *****
  • 10 hours The Federal Reserve and Money...Aspects which are not widely known
  • 5 days Is Europe heading for winter of discontent with extensive gas shortages?
  • 18 hours "Europe’s Energy Crisis Has Ended Its Era Of Abundance" by Irina Slav
  • 17 hours "Dodgy Demand Data? The Oil Price Collapse Conspiracy" by Alex Kimani
  • 8 days "The Global Digital ID Prison" by James Corbett of CorbettReport.com
  • 9 days Goldman Betting on Cryptocurrencies
  • 12 days Сryptocurrency predictions
Irina Slav

Irina Slav

Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry.

More Info

Premium Content

Arab States Extend Deadline For Qatar Ultimatum

Saudi Arabia, Bahrain, Egypt, and the UAE have given Qatar 48 more hours to submit to a list of demands presented to the emirate ten days ago. The demands included things like closing Al Jazeera TV and other news outlets, cutting off its ties with Iran outside trade, and no more funding extremist organizations – something Qatar has consistently denied.

Qatar’s Foreign Minister said, as quoted by Bloomberg, that the demands were “submitted to be rejected,” although it seems that the four countries that made them expected Doha to quickly surrender. It hasn’t done so, leaning on Iran, Turkey, and other international support for peaceful reconciliation. And of course, further muddying the waters, the UAE is heavily dependent on Qatari gas.

The four countries said in their most recent statement that they expect Qatar to respond to the demands by late Tuesday or early Wednesday, and an answer “will then be sent following the study of the Qatari government's response and assessment of its response to the whole demands.”

There is little to suggest Qatar will change its mind about the steep demands by Wednesday, which will leave the Saudi-Arabia led group with several options, excluding armed escalation, which analysts consider highly unlikely. Related: OPEC’s Crude Exports To The U.S. Near All-Time Lows

According to analysts who spoke to Bloomberg, the most obvious choice would be to leave things as they, are to or tighten the restrictions already in place, making it harder for foreign companies and individuals to do business with Qatar.

Another option on the table is approaching common international partners and asking them to join the embargo. This, however, would not be a very smart choice: Europe, the U.S., or Japan are unlikely to agree to such a request.

Forcing Qatar out of the Gulf Cooperation Council is also a possibility, but not a very likely one unless the group manages to convince Kuwait—which has spearheaded reconciliation efforts—and Oman, which has stayed completely neutral, to vote for the expulsion.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News