"While turbulent during the best of times, gigantic waves of change are now sweeping across the Middle East. The magnitude is such that the impact on the global price of oil, as well as world markets, is likely to be enormous.
A dramatic geo-political realignment by Saudi Arabia is in full swing this month. It's upending many decades of established strategic relationships among the world's superpowers and, in particular, is throwing the Middle East into turmoil.
So much is currently in flux, especially in Saudi Arabia, that nearly anything can happen next. Which is precisely why this volatile situation should command our focused attention at this time.
A dramatic geo-political realignment by Saudi Arabia is in full swing this month. It's upending many decades of established strategic relationships among the world's superpowers and, in particular, is throwing the Middle East into turmoil.
So much is currently in flux, especially in Saudi Arabia, that nearly anything can happen next. Which is precisely why this volatile situation should command our focused attention at this time.
The main elements currently in play are these:
A sudden and intense purging of powerful Saudi insiders (arrests, deaths, & asset seizures)
Huge changes in domestic policy and strategy
A shift away from the US in all respects (politically, financially and militarily)
Deepening ties to China
A surprising turn towards Russia (economically and militarily)
Increasing cooperation and alignment with Israel (the enemy of my enemy is my friend?)
Taken together, this is tectonic change happening at blazing speed."
A sudden and intense purging of powerful Saudi insiders (arrests, deaths, & asset seizures)
Huge changes in domestic policy and strategy
A shift away from the US in all respects (politically, financially and militarily)
Deepening ties to China
A surprising turn towards Russia (economically and militarily)
Increasing cooperation and alignment with Israel (the enemy of my enemy is my friend?)
Taken together, this is tectonic change happening at blazing speed."
While turbulent during the best of times, gigantic waves of change are now sweeping across the Middle East. The magnitude is such that the impact on…
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