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Saudi Arabia MBS: War with Iran will destroy global economy | News



The Crown Prince of Saudi Arabia warned in an interview broadcast Sunday that a military confrontation with Iran would destroy the global economy, adding that he preferred a political and peaceful solution over a military one. Crown Prince Mohammed bin Salman told the CBS-based 60 Minutes program that crude prices could jump to "unimaginably high numbers" in the event of 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 world GDP (gross domestic product)," said the Crown Prince, also known as MBS.

"Imagine that all three of these things are stopped. This means a complete collapse of the global economy, not just Saudi Arabia or the Middle East. "

He called on the world to take" strong and firm action to deter Iran "and prevent the escalation of the situation additionally.

MBS also stated that it agreed with the US Secretary of State Mike Pompeo's conclusion that the September 1

4 attacks on the Kingdom's oil facilities were an act of war from Iran.

The United States, European forces and Saudi Arabia also blame the attacks on Iran.

Tehran flatly denied. any involvement requiring proof while Yemen's armed group, the Houthis, took responsibility.

Diplomatic Solution

In the same interview, however, MBS stated that he preferred a peaceful resolution because "it is much better than this military one."

He said that US President Donald Trump should meet with Iranian President Hasan Ruhani to work out a new deal on Tehran's nuclear program and influence in the Middle East.

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

"Abdul Mahdi, who arrived from Saudi Arabia, wants to invite Saudi Crown Prince bin Salman and Iranian President Hassan Ruhani to Baghdad," he was quoted as saying.

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

In the 60 Minutes program, the Crown Prince also denied ordering the murder of journalist Jamal Hashogi at the Saudi Arabian Consulate in Istanbul on October 2, 2018

when asked absolutely if he had ordered the murder. But he said he assumed all responsibility "because it was done by persons working for the government of the Saudi Republic."

SOURCE:
Al Jazeera and news agencies


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