With the diplomatic rift between Qatar and its neighbors entering its fourth month the situation is stabilizing. Restrictions on vessels calling at Qatar from entering Saudi, Emirati and Bahraini waters led to initial consternation. But these were swiftly relaxed. The remaining restrictions are causing delays and additional expense, but nothing that looks likely to prompt Qatar to alter course (MEES, 7 July).

Qatar’s economy is proving resilient and the IMF still sees the budget...