Economics

Qatar Crisis Is Back to Square One as Economy Shows the Strain

  • Saudi bloc reverts to list of 13 demands Qatar has rejected
  • Economic data show reserves, imports dropped in June

Saudi Bloc Says Qatar Sanctions to Continue

Lock
This article is for subscribers only.

The Saudi-led alliance that severed ties with Qatar reinstated a list of 13 demands that must be met before talks to resolve the eight-week crisis could start, just as as fresh economic data highlighted the impact of the unprecedented boycott on the Gulf nation.

The foreign ministers of Saudi Arabia, the United Arab Emirates, Egypt and Bahrain said there would be no compromise until Qatar ends its support for terrorism -- a charge it has repeatedly denied. The bloc had initially dropped the conditions, which included shuttering Al Jazeera television, and instead referred to six broad principles it said Qatar must agree to, fueling speculation that the crisis could soon be resolved.