Saudi Arabia’s MBS: War with Iran would collapse global economy

Saudi Arabia’s MBS: War with Iran would collapse global economy

Saudi Arabia’s crown prince warned in an interview aired on Sunday that a military confrontation with Iran would collapse the global economy, adding that he would prefer a political and peaceful solution to a military one.

Crown PrinceMohammed bin Salmantold the US-based CBS programme 60 Minutes that crude prices could spike to “unimaginably high numbers” in case of an armed conflict.

“The region represents about 30 percent of the world’s energy supplies, about 20 percent of global trade passages, about four percent of the world GDP (gross domestic product),” the crown prince, also known as MBS, said.

Rouhani says show ‘evidence’ Iran attacked Saudi oil facility (4:26)

“Imagine all of these three things stop. This means a total collapse of the global economy, and not just Saudi Arabia or the Middle East countries.”

He urged the world to take “strong and firm action to deter Iran” and prevent the situation from escalating further.

MBS also said that he agreed with US Secretary of State Mike Pompeo’s conclusion that the September 14 attacks on the kingdom’s oil facilities were an act of war by Iran.

The United States, European powers and Saudi Arabia have also blamed the attacks on Iran.

Tehran has strongly denied any involvement, demanding proof, while Yemen’s armed group, the Houthis, has claimed responsibility.

Diplomatic solution

In the same interview, MBS, however, said that he preferred a peaceful resolution because it “is much better than the military one.”

He said that US President Donald Trump should meet with Iranian President Hassan Rouhani to craft a new deal on Tehran’s nuclear programme and influence across the Middle East.

Germany, UK, France blame Iran for Saudi oil attacks (2:05)

In a possible sign of diplomacy, Iraqi Prime Minister Adel Abdul Mahdi announced that he would visit Tehran soon, in an effort to reduce tension in the region, according to Iraqi media. 

“Abdul Mahdi, who has arrived from Saudi Arabia wants to invite Saudi Crown Prince bin Salman and the Iranian President Hassan Rouhani to Baghdad for a meeting,” he was quoted as saying.

Earlier, Pakistani Prime Minister Imran Khan said that he was also making an effort to mediate between Tehran and Riyadh. He held talks with Saudi Arabia’s leaders in Riyadh, as well as with Rouhani at the United Nations.  

In the 60 Minutes programme, the crown prince also denied ordering the killing of journalist Jamal Khashoggi inside Saudi Arabia’s consulate in Istanbul on October 2, 2018.

“Absolutely not,” when asked if he ordered the murder. But he said he took full responsibility, “since it was committed by individuals working for the Saudi government.”

also read..

Senior Indian diplomat in Pakistan replaced

News Editor

Family of slain ISIL hostage ‘touched’ by US operation

News Editor

Khan warns Pakistanis against joining anti-India fight in Kashmir

News Editor

‘People dying’: Malaysia’s Mahathir slams India’s citizenship law

News Editor

UK PM Johnson warns Israel against plan to annex parts of West Bank

News Editor

Two Palestinian women moved to Israeli administrative detention

News Editor

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More