While the world's attention is still on Libya because of the fighting over there, the slow-simmering situation in the Persian Gulf is far more important. We've already seen Bahrain and Yemen erupt, but now we have Oman in play, and this is forcing other states like Kuwait, the UAE, Qatar and, most significantly Saudi Arabia, to engage in pre-emptive measures.The countries on the Arabian Peninsula are very complex entities. First of all, there are many of them, and each of them has its own unique dynamic internally that will then shape any potential unrest. If we look at what's happened in the Persian Gulf area so far, what we have is Bahrain and Yemen already in motion. In Bahrain, there are protests that the government is tolerating, and the same situation is in Yemen, but there is an ongoing negotiation in both states as well, which will lead to some sort of a compromise. That compromise is going to be a slippery slope in terms of the state making concessions.