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Saudis Have a Lot to Lose in Fight With Qatar, Even If They Win

  • Saudi camp has the numbers but standoff could scare investors
  • A new faultline emerges in Middle East already torn by war
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Turkey Sides With Qatar as Gulf Crisis Deepens

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Saudi Arabia dwarfs Qatar on almost any measure, yet there are plenty of ways the tussle between the Gulf neighbors could end up hurting the world’s biggest oil exporter -- even if it wins.

All week the Saudis and their allies have ratcheted up pressure on Qatar, cutting diplomatic ties and imposing a blockade by land, sea and air. The stated goal is to force Qatar to stop cozying up to Saudi Arabia’s rival Iran and bankrolling Islamist groups across the region. Qatar says it’s being punished for things it didn’t do, and the U.S. signaled Friday that it wants the embargo eased.