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Balance of Power: Saudi Turmoil Sends Shockwaves Across Middle East

Balance of Power: Saudi Turmoil Sends Shockwaves Across Middle East

(Bloomberg) -- Hopes for any semblance of order returning to the Middle East were dealt a body blow this weekend.

Islamic State has been routed from most of its strongholds, and the war in Syria finally looks like it’s winding down.

But in the region’s tumultuous tradition, it only took hours for Yemen to launch a ballistic missile at the Saudi capital, for dozens of Saudi princes and businesspeople, including billionaire Prince Alwaleed bin Talal, to find themselves under arrest in an alleged anti-graft sweep, and for Lebanon’s prime minister to announce his resignation while in Saudi Arabia, blaming Iran for meddling in his country’s affairs.

The events shine a spotlight on Saudi Arabia’s new crown prince and his determination to leave his stamp on the region, through an ambitious plan to wean his country off oil and a more assertive foreign policy. It also escalates the battle for influence between Saudi Arabia and Iran as they fight proxy conflicts, including in Yemen.

The potential for a Saudi-Iran conflict edged closer to reality today when the Saudis blamed Tehran for the attempted missile attack on Riyadh’s international airport on Saturday. That, they said, could be considered an act of war.

Balance of Power: Saudi Turmoil Sends Shockwaves Across Middle East

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Balance of Power: Saudi Turmoil Sends Shockwaves Across Middle East

 

--With assistance from Kathleen Hunter and Brendan Scott

To contact the author of this story: Amy Teibel in Jerusalem at ateibel@bloomberg.net.

To contact the editor responsible for this story: Karl Maier at kmaier2@bloomberg.net.

©2017 Bloomberg L.P.