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The pace far outstrips that seen in Ukraine. Stocks are under severe pressure
Catch up on global daily news
Compelling long reads
Future-gazing analysis, predictions and speculation
Tune into captivating conversations
Watch engaging short films

Their rulers insist not but they are burning through their stockpiles fast

Deals with Saudi Arabia, Qatar and the United Arab Emirates show it is now a defence-industry power

Gulf states could join the conflict

As stocks dwindle, further price rises are inevitable

Alternatives to Gulf supplies are scare

Stranded Gulf supplies are choking off the region’s economies