It is the 15th of September 2019

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Trump Prevented War Between Saudi Arabia And Qatar In Last Minute: Report

In what may be the most bizarre news of the day, Bloomberg reports that Saudi Arabia and the United Arab Emirates were "close to taking military action in the early stages of their ongoing dispute with Qatar", until Donald Trump called the leaders of both countries and warned them to back off; in other words, Trump's intervention prevented yet another gulf war, which if true will make the U.S. Millitary-Industrial complex very unhappy as Trump's peace effort likely cost US offense defense companies tens of billions in lost profits.

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The "Diplomatic Quagmire" In Qatar Deepens 3 Days Before The Saudi Ultimatum Expires

While the Qatar crisis may have slipped from the front pages, the diplomatic standoff continues to deteriorate with the latest escalation emerging yesterday, when the UAE’s ambassador to Moscow gave an interview to the UK’s Guardian newspaper, revealing the steely resolve of the Gulf States, led by Saudi Arabia, who initially brought their charges and subsequent sanctions to bear on the tiny country.

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Economists Puzzled By Unexpected Plunge In Saudi Foreign Reserves

The stabilization of oil prices in the $50-60/bbl range was meant to have one particular, material impact on Saudi finances: it was expected to stem the accelerating bleeding of Saudi Arabian reserves. However, according to the latest data from Saudi Arabia’s central bank, aka the Saudi Arabian Monetary Authority, that has not happened and net foreign assets inexplicably tumbled below $500 billion in April for the first time since 2011 even after accounting for the $9 billion raised from the Kingdom's first international sale of Islamic bonds.

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Obama Halts Some Arms Sales To Saudi Arabia, Following Alleged "War Crimes" In Yemen

Whether it is retaliation for dumping Treasuries, blackmail to keep to OPEC production quotas, or - more likely - being implicated in war crimes for supporting a Saudi-led air campaign in Yemen that has killed thousands of civilians, President Obama has decided that after shipping billions in weapons to Saudi Arabia, Reuters reports it will halt a planned arms sale to The Kingdom.

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