Mohammed bin Salman remains Saudi Arabia’s crown prince and de facto ruler, chairing cabinet sessions and directing foreign policy as King Salman’s health limits the monarch’s role. Recent royal decrees have reconstituted the cabinet under MBS’s leadership, while he continues diplomatic engagement such as urging dialogue amid U.S.-Iran tensions. No major internal challenges or alternative succession candidates have surfaced in official announcements. Succession hinges on the king’s passing and any subsequent royal family consensus, with MBS positioned to ascend absent unforeseen developments. Traders assess removal probabilities against the crown prince’s institutional control and the absence of scheduled events that could rapidly alter the line of succession.