Tuesday, June 06, 2017

Middle East Continues To Break Into Spheres

Leaders and markets react to Gulf diplomatic rift

Saudi Arabia, the United Arab Emirates and Bahrain, three out of six members of the Gulf Cooperation Council (GCC), along with Egypt, announced on Monday they were severing diplomatic ties with Qatar. Qatar's foreign ministry reacted by saying it regretted the Arab countries' "unjustified decision". The move escalated a row following a recent hack of the…