A Year Later, Iran Is the Big Winner of the Qatar Embargo - Bloomberg

A Year Later, Iran Is the Big Winner of the Qatar Embargo - Bloomberg:

"It’s been a year since Saudi Arabia and three of its Arab allies hit Qatar with an economic embargo over ties to Iran and the alleged funding of terrorism. To listen to the Saudis, the embargo has been a great success, so much so that Crown Prince Mohammed bin Salman has dismissed his Gulf neighbor as too insignificant to bother with. The standoff is something for a junior minister to deal with, a royal court adviser tweeted in March, citing the prince. “We have not been deprived of anything,” the adviser said. “Qatar has been deprived of everything.” Not exactly. By most metrics, the embargo that closed Qatar off from major air, sea, and land links has failed. The country’s imports and exports are up, according to the International Monetary Fund. Qatar, the world’s richest country per capita thanks to massive reserves of natural gas, is on track to post a budget surplus in 2018. Its economy is growing faster than most of its peers."



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