Saudi Arabia suddenly arrested powerful royals and businessmen over the weekend, in what officials call an anti-corruption drive, but outside observers deem domestic power consolidation. Either way, the move is likely making investors see Saudi assets as riskier, so they’re set to demand higher returns. Some believe the extraordinary purge is an attempt by 32-year-old Crown Prince Mohammed Bin Salman to consolidate his power by eliminating potential rivals. That may herald political uncertainty, tension and possibly unrest not seen before in the history of OPEC’s biggest oil producer.
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