HCSS in the media

Qatar tension unlikely to impact oil market in longer term

June 6th 2017 - 11:00

After Qatar’s state-run news agency, QNA, released remarks attributed to ruling Emir Tamim bin Hamad al-Thani, in which he criticized other Gulf leaders and called for an easing of tensions with Iran, Saudi Arabia, Egypt, the United Arab Emirates, Yemen, Libya, Bahrain, and Maldives have severed diplomatic ties with Qatar.

QNA has denied that the comments were made by the Emir, claiming that they were the result of a cyber attack. But this hasn’t washed with Saudi Arabia and its allies. They argue that the comments highlight Doha’s close ties with Iran and reinforce their long-held concerns over Qatar’s support for terrorism.

What is the likely impact of the crisis on the price of oil? Trend News Agency spoke about the matter with Sijbren de Jong. The full article can be read here.