US News: Saudi prince warns of 'unimaginable' oil prices - PressFrom - United Kingdom
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US News Saudi prince warns of 'unimaginable' oil prices

09:55  30 september  2019
09:55  30 september  2019 Source:   dw.com

Irish citizens among those who can now get a tourist visa to Saudi Arabia for the first time

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Saudi Arabia's crown prince has warned that oil prices could rise to " unimaginably high numbers" if the world does not act to deter Iran. Mohammed bin Salman said a war between Saudi Arabia and Iran would ruin the global economy, following an attack on its oil facilities two weeks ago it blames on

WASHINGTON: Saudi Arabia's crown prince warned in an interview aired on Sunday (Sep 29) that crude prices could spike to " unimaginably high numbers" if the world does not come together to deter Iran, but said he would prefer a political solution to a military one.

a person wearing a hat: Provided by Deutsche Welle © picture-alliance/dpa/Saudi Press Agency Provided by Deutsche Welle In a TV interview, Saudi Crown Prince Mohammed bin Salman has called for global action against Iran, warning of "unimaginably high" oil prices. He also described the killing of journalist Jamal Khashoggi as "a mistake."

Saudi Crown Prince Mohammed bin Salman Prince Mohammed called for global action against Iran, warning that oil prices could rise astronomically otherwise.

In the program aired late on Sunday, bin Salman blamed Iran for the September 14 attack on Saudi oil facilities that cut its production by half and led to a spike in oil prices.

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Prince Alwaleed bin Talal al-Saud has published an open letter on his website expressing his "astonishment" at reports that the Saudi oil minister is In his letter he warns that 90% of the Saudi budget is still reliant on oil revenues and that if prices are allowed to continue their slide, it could be a

Mohammed bin Salman, the Crown Prince of Saudi Arabia, has warned that oil prices could skyrocket to “ unimaginably high numbers” due to tensions with Iran, offering a grim prognosis for the world economy if Riyadh’s dispute with Tehran ramps up any further. “If the world does not take a strong

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"If the world does not take a strong and firm action to deter Iran, we will see further escalations that will threaten world interests," he told CBS program 60 Minutes.

"Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we haven't seen in our lifetimes."

The US, France, Germany and Britain have backed Saudi assertions that Iran was behind the attack, as opposed to the Houthi rebel group that has claimed responsibility.

The crown prince said he would prefer a political rather than a military response to Iran, as a war between Saudi Arabia and Iran would collapse the global economy.

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Saudi billionaire Prince Alwaleed bin Talal warned that the Gulf Arab kingdom needed to reduce its reliance on crude oil and diversify its revenues, as rising Some analysts think this may push demand for Saudi oil , as well as global oil prices , down sharply over the next decade. Over the past couple of

WASHINGTON - Saudi Arabia's crown prince warned in an interview aired on Sunday that crude prices could spike to " unimaginably high numbers" if But he said he took full responsibility, "since it was committed by individuals working for the Saudi government." Oil prices jumped roughly 12% on

In the same interview, bin Salman — also known by his initials MBS — also denied ordering the murder of dissident journalist Jamal Khashoggi at the Saudi consulate in Turkey, but said that as leader of the country he bore responsibility.

"This was a heinous crime," he told the program. "But I take full responsibility as a leader in Saudi Arabia, especially since it was committed by individuals working for the Saudi government." Prince Mohammed said he was "absolutely not" behind the killing, calling it "a mistake."

Khashoggi's murder in October 2018 triggered an international backlash against Saudi Arabia, with the US Congress blaming the crown prince for the killing, and the United Nations calling for an investigation into his role in the slaying.

aw/cmk (AP, Reuters, dpa)

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