Qatar And Its Neighbours May Lose Billions From Diplomatic Split ndtv.com

A diplomatic rift between Qatar and its Gulf neighbours may cost them billions of dollars by slowing trade and investment and making it more expensive for the region to borrow money as it grapples with low oil prices. Qatar, like other monarchies in the Persian Gulf, is a close ally of Washington, and it hosts a major American military base that commands the United States-led air campaign against the Islamic State

The United States ambassador to Qatar, Dana Shell Smith, seemed to react skeptically on Monday to the measures taken by the five Arab countries. She reposted several of her own tweets from recent months noting Qatari cooperation with the United States against the Islamic State and in trying to counter terrorism financing.