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Saudi Arabia's King Salman Names 31-Year-Old Son As New Heir

Published June 21, 2017 at 12:52 PM EDT
Saudi Deputy Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia, in 2016. (Fayez Nureldine/AFP/Getty Images)
Saudi Deputy Crown Prince Mohammed bin Salman in Riyadh, Saudi Arabia, in 2016. (Fayez Nureldine/AFP/Getty Images)

Saudi Arabia’s stock market closed up more than 5 percent on Wednesday after King Salman announced the person next in line to the throne: his 31-year-old son, Prince Mohammed bin Salman.

Here & Now‘s Jeremy Hobson speaks with Middle East analyst F. Gregory Gause of the Bush School at Texas A&M University about the significance of the announcement.

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