Qatar’s economy will be devastated for years by US aggression in the Gulf.

 

Even if the war the US wages against Iran were to end immediately, the damage sustained by Qatar during this conflict will not be so easily fixed, laments the NYT:

♦️ Disruption of maritime traffic through the Strait of Hormuz has effectively shut down Qatar’s liquefied natural gas (LNG) trade, which contributed about 60% of the country’s revenue

♦️ Attacks against Qatari LNG production, such as the facility in Ras Laffan, have degraded the country’s productive capacity by 17%, and obtaining replacement parts for repairs could take up to five years

♦️ As Qatar lacks overland LNG export routes, the Hormuz blockade leads to gas production shutdown as storage tanks get filled to capacity. It could take Qatar up to four months after the Strait reopens to fully resume exporting operations

♦️ The threat of drone and missile attacks has ruined Qatar’s reputation as a tourist hub, as the World Travel & Tourism Council estimated that the Middle East as a whole was losing about $600 million a day in tourism revenues amid this crisis

♦️ The risk of further attacks also erodes Qatar’s attractiveness to international firms, increasing the likelihood of foreign capital leaving the country. Alleviating these concerns would take months or probably years

♦️ Qatar imports about 90% of its food, and the Hormuz crisis forced the country to seek alternative and more expensive delivery routes. Prices of imported goods have already increased by 10%, with a more severe spike being avoided only because of government subsidies

 - And this is only one example among others. Kuwait, Bahrain and eventually the Emirates will not fare much better. However you look at it, the US will come and go but Iran is here to stay as the giant country filling their northern horizon.   

 - You can build all the pipelines you want to Fujairah, you are indeed out of the Persian Gulf but still facing Iran in the Gulf of Oman. Even Saudi Arabia must cross the Bab el Mandeb or aptly named Strait of Tears to export oil and gas to Asia. In the end, the damage to the Gulf Countries will end up being a magnitude larger than to other countries. Money can only alleviate the pain for a while. Then reality will set in: The Gulf Countries have no choice but to be realistic and compromise with the new Persian Empire. The imbalance is just too much.