Saturday’s events have shown that the roof will come down on the world economy if any regional conflagration erupts leading to destruction of the petrodollar states. Brent Crude jumped 20% higher Sunday night. If the Saudi outage could last for months, as seems likely, expect the Brent onslaught to continue until the price hits $80, and keeps moving higher.
Tag: Mohammed bin Salman
Saudi Crown Prince Mohammed Bin Salman just went on an Asian tour to Pakistan, India, and China. The three states that he visited are the most important Great Powers of mainland Eurasia east of Iran, and his visit to those countries proved that Saudi Arabia is capable of maintaining a […]
It will be a Himalayan blunder to spurn the Saudi overture toward India. The Saudis are savvy enough to separate the grain from the chaff and would know that Pakistan is not a patch on India as a world-class partner potentially. The Saudis are perfectly capable of juggling many balls in the air and can hook up with multiple guys on a regular basis, usually without them knowing.
Saudi Arabia’s strategic courting of Russian and Chinese tourists, and the joint investments that these three governments have committed to in this regard, will help to take their relations to the next step and facilitate the Kingdom’s overall diversification away from its former American patron and towards the emerging Multipolar World Order.
The Saudi state is upheld by the dual pillars of the monarchy and the Wahhabi clerics, the latter of which have been sidelined as a result of Vision 2030 and Crown Prince Mohammed Bin Salman’s previous crackdown on both radical Islam and the corrupt elite.
Many Muslim countries are undergoing a period of rapid change brought about by the unavoidable Western liberal influences that entered their traditionally conservative societies as a result of globalization, and while some states are pushing back against these, others such as Saudi Arabia are progressively opening up and cautiously embracing these changes.
The hugely successful visit of Abu Dhabi Crown Prince Mohammed Bin Zayed to Pakistan a few days ago represents one of Prime Minister Khan’s greatest foreign policy accomplishments yet because it proved that his country’s “balancing” act between regional powers is capable of turning latent rivals into trusted partners. The […]
Trump had rounded off his statement by putting American interests first. But this may turn out to be a big gambit. Trouble is brewing in the Congress where US-Saudi relations are in focus not only on account of the Khashoggi killing.
What will be keenly watched in the period ahead, therefore, is how the new alchemy transforms Russian-Saudi relationship on the whole, especially given the backdrop of cloud of uncertainty hanging heavily on US-Saudi ties at present.
Make no mistake, Trump is going out of the way to help MBS survive and is not taking chances. He even blocked the CIA Director from attending a US Senate hearing on Khashoggi murder, fearing that it might provoke Saudi retaliation against American interests on vital issues such as the world oil market.
While it’s obvious that many European countries and part of the US’ “deep state” would probably back Prince Ahmed if he replaced Crown Prince Mohammed Bin Salman in Saudi Arabia, there are serious doubts about whether the Kingdom’s military and intelligence services would also support it.
The New Yorker report by Dexter Filkins, a Pulitzer Prize winner and acclaimed author with long experience in reporting from the frontlines of Middle Eastern hotspots, concludes: “Even if—especially if—M.B.S. hangs on to his position, it seems likely that the Saudi royal family, and Saudi Arabia more generally, are entering a dangerous period.”