UAE-Qatar diplomatic relations remain stable in 2026 under the Al-Ula reconciliation framework, with both governments sustaining active bilateral institutions and economic cooperation that reduce the likelihood of severance. The seventh session of the Joint Supreme Committee met in Abu Dhabi on May 6, 2026, issuing a statement that reaffirmed shared political will, integration of interests, and commitments to expanded partnership across trade, development, and regional stability. Embassies have operated continuously since their 2023 reopening, and recent agreements cover economic and commercial sectors. While analysts note lingering regional competition and a “cold peace” dynamic, no verified escalatory statements, disputes, or policy shifts have emerged that would trigger formal suspension of ties before year-end. Trader pricing at 94.7% for no severance reflects this continued institutional engagement and absence of proximate catalysts.