“... Are we on the cusp of yet another rise in geo-political risk in the Middle East?
It looks that way, and the implications for global markets could be massive.
There are some major issues going down in Saudi Arabia right now. About a week ago, Crown Prince Mohammad bin Salman ordered the arrest of some of the most powerful ministers and princes in the country.
Mohammad bin Salman, or ‘MBS’ as he is known, is the son of the 83-year-old Saudi King Salman. He is the architect behind the Vision 2030 project, a hugely ambitious plan to develop the Saudi economy and move it away from its dependency on oil.
Part of that plan is to sell 5% of the state owned oil company, Saudi Aramco, for around US $100 billion. ...”
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