Unlike last week, the beginning of this week was full of important events that had an impact on market movements. It was the beginning in the Middle East when Saudi Arabia, Egypt, the UAE and Bahrain cut off diplomatic relations with Qatar accusing them of supporting terrorist organizations. 12 countries were with this decision. Sheikh Sabah al-Ahmad, the Emir of Kuwait tried to calm the situation, but his attempts failed, amid calls from the American side to end the siege on Qatar.
By CNBC: Saudi Arabia and three other nations broke diplomatic relations with Gulf Arab state Qatar on Monday, pointing to Doha's ties to terrorism and the need to maintain national security.
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