Saudi Arabia, Bahrain, UAE and Egypt cut diplomatic ties with Qatar

This seems more than a regular diplomatic row:

Saudi Arabia broke diplomatic relations and all land sea and air contacts with fellow Gulf Arab state Qatar on Monday, saying the move was necessary to protect the kingdom from what it described as terrorism and extremism.

The United Arab Emirates, Bahrain and Egypt also cut ties with Qatar on Monday.

Crude and natural gas prices jumped after the news with global benchmark Brent up 1.42 percent to $50.66 a barrel and U.S. West Texas Intermediate up 1.45 percent to $48.35 a barrel. U.S. natural gas prices quoted at the U.S. Henry Hub jumped 1.37 percent to $3.040 per million British thermal units.

Saudi Arabia’s official state news agency, citing an official source, said the kingdom had decided to sever diplomatic and consular relations with Qatar “proceeding from the exercise of its sovereign right guaranteed by international law and the protection of national security from the dangers of terrorism and extremism”.

Saudi Arabia cut all land air and sea contacts with Qatar “and urges all brotherly countries and companies to do the same.”

It’s long been an open secret that wealthy Qataris were the primary financial backers of the Islamic State. By contrast, Saudi Arabia, Bahrain, UAE and Egypt are all U.S. military allies.

There’s been talk that Qatar wants to take a more conciliatory stance toward Iran, a move that has not been well-received by it’s fellow Sunni gulf states. It’s especially odd since Qatari soldiers have died defending the Saudi border as part of the Saudi fight with Iran’s Houthi proxies in Yemen.

Could the harder line against Qatar be a side effect of President Trump’s recent trip to the Middle East? Maybe. Trump has set about fixings Obama’s foreign policy mistakes, and the Islamic State and the asinine Iran Deal are two of the biggest. And maybe a businessman like Trump thinks the easiest way to cramp the Islamic State’s style is to cut off their sugar daddy.

It’s worth a try…

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