Qatar's new diamond exchange is an effort to diversify from the country's main exports, LNG and petroleum products, which have been severely cut as a result of the Iran war and the Strait of Hormuz crisis.

Qatar's new diamond exchange is an effort to diversify from the country's main exports, LNG and petroleum products, which have been severely cut as a result of the Iran war and…

Riyadh is now looking to use the Mediterranean route more extensively after the Houthis on July 20 threatened to target oil exports passing through the Bab el-Mandeb Strait.