Saudi Arrests, Missiles and Proxy Conflict, All in Just Five Days
- Saudi princes, billionaires, officials arrested in crackdown
- Iran-Saudi proxy conflict jumps to the fore in Lebanon, Yemen
A First-Hand Account of the Days Before Alwaleed's Arrest
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Even for an OPEC powerhouse intent on re-inventing itself domestically and flexing its muscles in one of the world’s most turbulent regions, the past week has been remarkable.
Saudi police arrested 11 princes, four ministers and dozens of former ministers and billionaires in what authorities described as an anti-corruption drive and critics saw as a power grab by Crown Prince Mohammed bin Salman. And if the domestic drama wasn’t enough, Saudi Arabia’s proxy confrontation with Iran for regional dominance unexpectedly heated up, sending oil prices higher and adding to the uncertainty roiling stock markets in the Middle East.