UAE official: UAE hopes further steps against Qatar can be avoided, but cannot rule it out

A government official from the UAE came out with a statement last minutes, via Reuters, calming tensions between the Arab nations over Qatar row.

Key Headlines:     

UAE hopes further steps against Qatar can be avoided

But cannot rule it out

No one rejects ideas of further talks but Qatar must make iron-clad commitment to change policies

Qatar as a rich country should realise it has the most to gain from a stable Gulf region

We are witnessing a policy of denial and media grand-standing by Qatar in the Gulf rift

Both crude benchmarks remain near daily troughs, despite renewed geo-political concerns surrounding Qatar and Iran. WTI loses -0.73% to $ 47.84, while Brent drops -0.80% to $ 49.75.