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Arab nations extend deadline in Qatar crisis by 48 hours

Arab nations extended a deadline early Monday for Qatar to respond to their list of demands in a diplomatic crisis roiling the Gulf, saying Kuwait’s emir requested the delay as part of his efforts to mediate the dispute.

Saudi Arabia, the United Arab Emirates, Egypt and Bahrain cut off ties with 2022 FIFA World Cup host Qatar on June 5, restricting access to their airspace and ports and sealing Qatar’s only land border, which it shares with Saudi Arabia.

They issued a 13-point list of demands to end the standoff June 22 and gave the natural gas-rich country 10 days to comply.

The joint statement early Monday by the Arab nations said they expected Qatar to respond to their demands on Monday. The new deadline would expire late Tuesday or early Wednesday.

“The response of the four states will then be sent following the study of the Qatari government’s response and assessment of its response to the whole demands,” the statement said.

Qatar’s main QE stock index lost more than 3 percent when it reopened Sunday following a weeklong hiatus for the Eid al-Fitr holiday break – its first session since the demands were laid out. It eventually recovered some of its losses later in the trading session to close down 2.3 percent at 8,822.15.

Qatari supermarkets saw panic buying when the four countries initially cut ties. But the capital, Doha, was largely calm Sunday as residents waited to see how the crisis would play out.

Qatar’s foreign minister, Sheikh Mohammed bin Abdulrahman Al Thani, showed no signs of backing down in during a press briefing in Rome on Saturday, saying they were never meant to be accepted and that his country “is prepared to face whatever consequences.”

While in Rome, Al Thani met with Italian Foreign Minister Angelino Alfano, who gave his backing to ongoing mediation efforts led by Kuwait.

U.S. Secretary of State Rex Tillerson has also tried to resolve the dispute, with the U.S. last week urging Saudi Arabia and its allies to stay “open to negotiation” with Qatar.

Russian President Vladimir Putin has separately spoken with the leaders of Qatar and Bahrain, urging direct dialogue among all the states involved, according to statements released by the Kremlin on Saturday.

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