Qatar

Shortly after imposing a naval blockade in the immediate  aftermath of the Qatar diplomatic crisis, one which left the small Gulf nation not only politically isolated and with severed ties to its neighbors but potentially locked out of maritime trade and crippling its oil and LNG exports, on Tuesday SkyNews Arabia reported that Saudi Arabia has given Qatar a 24 hours ultimatum, starting tonight, to fulfill 10 conditions that have been conveyed to Kuwait, which is currently involved in the role of a mediator between Saudi and Qatar.

In what has emerged as the most significant escalation to result from the Qatar diplomatic crisis - which pits two of OPEC’s largest oil producers, Saudi Arabia and the UAE, against the world’s biggest exporter of liquefied natural gas and further disrupts stability in the region -  the biggest Middle East oil and container ports banned all vessels sailing to and from Qatar from using their facilities.

If the collapse in Qatar's bond and stock markets was not enough to warrant concerns, the Riyal peg is now coming under great pressure as FX forwards crash to their weakest on record

It is clear that this is not just speculation in the forwards market, as the spot market has also been slammed, presumably by outflows, sending it to its weakest since 1998...

While starting a little later than usual, Trump unloaded his now traditional morning tweetstorm, where in a three tweet salvo the president first lashed out at the "FAKE MSM" accusing it of trying to stop him from tweeting and saying reporters “hate” his use of Twitter while criticizing election analysts that predicted he would lose. In a separate tweet he took credit for Monday night's diplomatic crisis in which a Saudi-led alliance cut ties with Qatar, accusing it of being the region's only source of terrorist funding.