How likely is the Saudi-UAE row to hit trade?<\/p>\n
Saudi Arabia and the UAE are so deeply enmeshed in trade, investment and logistics that analysts say a full-blown economic rift is unlikely and would serve neither’s self-interest. The region is already reeling from the fallout of the Iran conflict and its impact on investor and business sentiment. <\/p>\n
The last thing Gulf Cooperation Council nations need is more disputes and disruptions to the smooth conduct of business in the region, said Fareed Mohamedi, managing director at SIA-Energy International.<\/p>\n
Still, trade links in the region have been reshaped before. In June 2017, Saudi Arabia, the UAE, Bahrain and Egypt severed ties with Qatar almost overnight over a range of allegations, including fomenting regional unrest that Doha denied.<\/p>\n
The Qatar blockade targeted a smaller economy with fewer interdependencies. Qatar, a much smaller oil producer, left OPEC in 2019. The UAE, which has a capacity of around five million barrels a day, and a large excess capacity, has the ability to significantly disrupt oil markets.<\/p>\n","protected":false},"excerpt":{"rendered":"How likely is the Saudi-UAE row to hit trade? Saudi Arabia and the UAE are so deeply enmeshed…\n","protected":false},"author":2,"featured_media":89812,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[26],"tags":[2214,1738,1873,31317,39,50,272],"class_list":["post-89811","post","type-post","status-publish","format-standard","has-post-thumbnail","category-persian-gulf","tag-gulf-cooperation-council","tag-mena","tag-opec","tag-opec-plus","tag-persian-gulf","tag-saudi-arabia","tag-united-arab-emirates"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@iran\/116489701444270988","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/89811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/comments?post=89811"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/posts\/89811\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media\/89812"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/media?parent=89811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/categories?post=89811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/iran\/wp-json\/wp\/v2\/tags?post=89811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}