The global head of commodities strategy at RBC Ms. Croft said: "The rise of MBS will also likely mean even more hawkish foreign policy moves from Saudi Arabia and more intensified efforts to confront Iran,".
"We hope the list of demands will soon be presented to Qatar and will be reasonable and actionable", US Secretary of State Rex Tillerson said, in a statement.
Jeddah- Saudi citizens, in the kingdom and overseas, continued to arrive at the emirates, provinces and embassies to pledge allegiance to Crown Prince Mohammed bin Salman, abiding by directives of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz.
The Saudi monarch quickly named him second-in-line to the throne two years ago to the surprise of many within the royal family who were older and more experienced.
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While bin Nayef fell into a diminished role. "Instead, we will work so that the battle is for them in Iran, not in Saudi Arabia".
Mohammed's youth is a novelty for a country used to ageing leaders - King Salman is 81 and his predecessor King Abdullah died in 2015 aged around 90.
Mohammed bin Salman replaces his cousin, Prince Mohammed bin Nayef, a veteran security chief who led the Saudi campaign against Islamic State and al-Qaeda, at a time when Riyadh faces heightened tensions with Qatar and Iran and is locked into a war in Yemen.
The royal decree did not nominate a new deputy crown prince.
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By making Mohammed bin Salman "de facto ruler" heading the kingdom's most important portfolios, King Salman created "a solid foundation" for his son's policies, said Andreas Krieg of the Defense Studies Department at King's College London. Saudi Arabia is a key driver of an OPEC deal with non OPEC producers, like Russian Federation, to curb production in an effort to end a supply glut and drive prices higher. If he succeeds his father, he will become the first king of Saudi Arabia who is not a son of the founder King Abdul Aziz Al Saud who is also referred to as Ibn Saud.
The oil markets have delivered grim news for Saudi's oil-dependent economy since King Salman came to power and his young son began running Saudi oil policy. Also, they say that Qatar is siding Iran. For over two years Saudi Arabia has been bombing Yemen with impunity, triggering a humanitarian crisis in one of the poorest countries in the Arab world, but without attaining the stated objective of defeating the Houthis.
The article also cites an unspecified "media source" saying that "Mohammad bin Salman has literally bribed the new United States administration by paying $56m to Donald Trump".
Iran's leadership, which called Prince Mohammed's promotion a "soft coup", was critical of comments the prince made last month, with supreme leader Ayatollah Ali Khamenei labeling Saudi leaders as "idiots".
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There's a lot to like about Jayson. "There's a lot to like about Jayson; he's going to be a terrific player". The Celtics began the afternoon waiting for the monumental asking price on Porzingis to drop.