Bahrain normalises ties with Israel & US upgrades Qatar relations

  • Bahrain and UAE signed normalisation agreements with Israel in Washington.
  • We do not expect any other Gulf states to follow imminently, for differing reasons.
  • Coronavirus cases are again rising in Oman, following trends in Bahrain and UAE.
  • Hafter said he will lift the blockade on 1m b/d of Libyan oil exports. This comes amidst protests which have caused resignations in both rival governments, and ahead of peace talks next month.
  • The Houthis continue to advance towards Marib, a potential turning point in the Yemen war.
  • Al Jazeera US must register as a “foreign agent” but the US plans to upgrade its relationship with Qatar to that of a “Major Non-NATO Ally”, as Doha hosts Afghan talks.
  • Kuwait’s parliament is rife with coronavirus and its session will end without a debt law.
  • Kuwait’s Crown Prince made an unexpected outreach to opposition figures.
  • Oman’s central bank saw a sharp decline in the foreign assets in July.
  • BP sharply revised down its hydrocarbon demand scenarios, hurting oil more than gas.

Read the full report here.

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Rory Fyfe