Definitely not good for QR. Expect short term chaos followed by recriminations , apologies then quid pro quo then back to a " new " normal. Meanwhile , expect the Yanks and U.K. to be playing both sides as usual. This has the POTUS's attention , well maybe. The Shia - Sunni proxy kerfuffle continues unabated. All it will take is an unfortunate loss of face incident and the Gulf gets crazy. Oil price likely to skyrocket. Next the Iranians will ban GF and EK. Time for the popcorn.