Qatar’s opponents are considering telling allies to sever commercial ties with Qatar or else lose business ties with them, according to a person familiar with the matter.
.. U.A.E. Minister of State for Foreign Affairs Anwar Gargash said on June 24 that Qatar could be expelled from the Gulf Cooperation Council, a six-member political and economic bloc that includes Saudi Arabia, the U.A.E., Bahrain, Qatar, Kuwait and Oman.
.. Qatar’s foreign minister, Sheikh Mohammed bin Abdulrahman Al-Thani, said Saturday that the 13 demands “were meant to be rejected” and that the country continues to favor dialogue to put an end to the diplomatic dust-up
.. “The short-to-medium term economic impact of the Qatar rift will be expensive for Doha but bearable,” Arabia Monitor said. “Qatar’s reserves can defend the currency, even though the pressure on it could rise further,” it said.