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Commodities

Gulf States Face Unprecedented Turmoil and Instability

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Oil
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The Gulf region is facing significant upheaval, with Saudi Arabia, long a dominant force, now struggling to maintain its influence. The kingdom, which has historically wielded power through its oil wealth, is experiencing internal turmoil. Civilians are being targeted, US personnel have been evacuated, and major airports are frequently closed due to Houthi missile attacks. The wealthy are fleeing the country, and international pilgrims are hesitant to visit.

Crown Prince Mohammed bin Salman, despite his controversial past, has been a frequent guest at major world capitals. However, reports suggest he is now moving between heavily fortified palaces equipped with bunkers, indicating deep-seated concerns for his safety. The uncertainty extends to other Gulf rulers, who are also grappling with the region's instability.

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