Saudi Arabia, Egypt, the United Arab Emirates and Bahrain severed their ties with Qatar on Monday, accusing it of supporting terrorism. The worst rift in years among some of the most powerful states in the Arab world, came days after a news story, which Qatar claimed was fake, showed Qatar’s ruler Sheikh Tamim Bin-Hamad objecting to the hostile attitude adopted by Gulf States and the U.S. against Iran.
In April 2017, Qatar lifted a self-imposed ban on developing the world’s biggest natural gas field, which it is shares ownership with Iran, in an attempt to stave off an expected rise in competition.
Iran, which suffers severe domestic gas shortages, has made a rapid increase in production from South Pars a top priority and signed a preliminary deal with France’s Total in November 2016 to develop its South Pars II project.
Iran’s oil minister also vowed this March to ramp up production of its part of the shared field.
Read full analysis on Haaretz.