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Transcript

00:00:01
>> No new sanctions against Qatar, but no sign of the protracted Gulf dispute ending either. The foreign ministers of Saudi Arabia, the United Arab Emirates, Egypt, and Bahrain meeting in Cairo on Wednesday. Trying to decide how to proceed in the diplomatic deadlock with their Gulf neighbor. They've severed political and transport ties, alleging the Gulf state has been aiding terrorism and courting regional foe Iran.
00:00:24
The quartet also directed 13 demands at Doha last month, including downgrading ties with Iran and shutting down news channel Al Jazeera. Qatar replied to the ultimatum via regional mediator, Kuwait. That response, negative and lacking in content, the blog said. Saudi Arabia's foreign minister said, any further actions taken would be in line with international law.
00:00:46
>>
FOREIGN]
> But international laws have already been violated, Qatar says. Foreign Minister Sheikh Mohammed bin Abdulrahman Al Thani in London Wednesday, saying his tiny nation is the subject of quote, clear aggression. What Qatar lacks in land mass it makes up for in wealth. The foreign minister said Qatar was now paying ten times its usual cost for shipping.
00:01:09
But that government coffers were protecting Qatar's civilians from the bite of sanctions.>> If Qatar is not in the same level of income, it wouldn't be able to cover the needs of its own people, for medicine and food.>> And Qatar also handed a potential boost from three of the Wests biggest energy companies.
00:01:31
Reuters revealing Wednesday that chief executives from Exxon Mobile, Royal Dutch Shell, and Total have met with the Qatari Amir. Lobbying to take part in a massive expansion of the countries natural liquified gas output. Qatar announced Tuesday, plans to increase output by a significant 30%. Possibly handing the nation long-term economic security in any protracted feud.