There may be a ‘Game of Thrones’ in Saudi Arabia now and that has big implications for oil

The so-called corruption crackdown in Saudi Arabia over the weekend may be the beginning of a bigger power struggle by the heir apparent to the throne which destabilizes the region for a time and keeps oil prices elevated

Following the creation of an anti-corruption committee by current King Salman, security forces Saturday swept up 11 princes, including well-known billionaire invest Prince Alwaleed bin Talal, and four ministers, including the one in charge of the National Guard, according to various reports. A number of former ministers were also arrested.

Crown Prince Mohammad Bin Salman — the 32-year-old known as “MBS” who will take over when King Salman, 81, abdicates the throne later this year or early next — is seen by analysts as the man behind those moves in an effort to consolidate power to his family and its allies before he takes the throne.