Qatar’s emir: Gulf security is a red line, Hormuz closure hit exports

Qatar’s Emir, Sheikh Tamim bin Hamad Al Thani, has declared that the security and sovereignty of Gulf states is a red line that cannot be compromised, highlighting a recent Iranian attack on Qatari territory as a blatant violation of sovereignty.

Speaking before the Shura Council, the emir said the closure of the Strait of Hormuz and damage to Ras Laffan facilities caused major disruptions to Qatar’s exports. He noted that Qatar accounts for about one-fifth of global liquefied natural gas trade, and any developments affecting the country have a direct impact on international markets.

On the economic front, he pointed to a 42% drop in total state revenues during the first half of the year, but stressed that spending cuts have not affected essential services or development priorities.

The emir reiterated the importance of safeguarding the security and sovereignty of Gulf states amid ongoing regional developments and their security and economic repercussions.