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As Qatar row smoulders, world markets tot up dependence on Gulf petrodollars

Reuters  |  LONDON 

By Sujata RaoLONDON (Reuters) - Qatar's tensions with its neighbours are making world markets edgy about any hint of financial instability among the Gulf economies, whose vast store of petrodollar savings permeate global investments.The diplomatic spat -- in which a number of Gulf states cut links with Qatar over alleged support for terrorism, which Doha denies -- comes as U.S. and European central banks are already fuelling a rise in global borrowing costs by preparing to unwind years of super-easy credit.Any petrodollar repatriation by Gulf states in a deeper crisis could exacerbate ...

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First Published: Wed, July 12 2017. 16:31 IST