Speaking before Qatar’s Shura Council on October 13, Emir Sheikh Tamim bin Hamad Al Thani delivered a sobering warning:
“We must also be prepared for the worst-case scenarios.”
The warning comes as the Gulf faces mounting economic pressure from regional warfare, disrupted shipping routes, damaged energy infrastructure, and growing concerns over supply chains and food security.
The numbers tell a troubling story:
42% decline in Qatar’s government revenues during the first half of 2026.
Damage to the Ras Laffan energy complex and disruption of LNG exports through the Strait of Hormuz.
Qatar supplies roughly 20% of global LNG trade, making the consequences far greater than its borders.
The bigger question: Are the Gulf monarchies entering an era where even enormous wealth can no longer guarantee economic security?