Saudi Crown Prince Mohammed bin Salman. Photo: Saudi Press Agency via AP

Crown Prince Mohammed bin Salman's decision to shake up Saudi Arabia's longstanding patronage system and root out "corruption" introduces further uncertainties after a decade of black swan events in global oil. Just when companies were adjusting to the idea that oil prices might be lower for longer, the prospect of Saudi Arabia behaving in less than predictable ways is unnerving pundits and oil market participants alike.

Saudi Arabia has generally played the role of conservative power across the Middle East, with longstanding alliances and consistent geopolitical responses. When the kingdom declared — in the midst of U.S. efforts to negotiate a deal on nuclear weapons with Iran — that it would now pursue its own interests more vigorously, few would have foreseen the kingdom taking on a two-front war and replenishing its treasury with the restitution to the state of billions of dollars in assets amassed by Saudi princes and executives whose business-as-usual practices were highly unpopular with average Saudis.

What's next: Odds are that oil prices will now wind up higher than otherwise expected. Riyadh can ill afford an oil price collapse, forcing it to endorse policies inside the Organization of Petroleum Exporting Countries (OPEC) and beyond that keep the price of oil lofty. Another contingency is the prospect of expanded conflict in the Mideast from a more muscular Saudi stance, which could move oil markets back onto a pins-and-needles footing.

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As the coronavirus poses risks and concerns for the youngest and oldest Americans, the generations in the middle are buckling under the increasing strain of having to take care of both.

Why it matters: People that make up the so-called sandwich generations are typically in their 30s, 40s and 50s, and in their prime working years. The increasing family and financial pressures on these workers means complications for employers, too.

Why Scranton matters again in 2020

Biden and Clinton visit Biden's childhood home in Scranton in 2016. Photo: Melina Mara/The Washington Post via Getty Images

The hometown of Joe Biden and "The Office" is polishing its perennial status as a guidepost for the nation's political mood.

Driving the news: Biden returns to Scranton, Pa., today with a campaign stop just outside the city limits at a metalworking plant, where he'll deliver remarks on a plan to create jobs and "help America build back better."

Updated 14 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 5 a.m. ET: 12,051,561 — Total deaths: 549,735 — Total recoveries — 6,598,230Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 3,055,144 — Total deaths: 132,309 — Total recoveries: 953,420 — Total tested: 37,532,612Map.
  3. 2020: Houston mayor cancels Texas Republican convention.
  4. Public health: Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  5. Travel: United warns employees it may furlough 45% of U.S. workforce How the pandemic changed mobility habits, by state.
  6. Education: New York City schools will not fully reopen in fallHarvard and MIT sue Trump administration over rule barring foreign students from online classes.