On Sunday Saudi Arabia’s crown prince warned in an interview aired that a military confrontation with Iran would collapse the global economy, including that he would like a political and peaceful solution to a military one.
Crown Prince Mohammed bin Salman informed the US-based CBS program “60 Minutes” that crude prices might spike to “un-imaginably high numbers” in case of armed conflict.
“The region represents about 30 % of the world’s energy supplies, about 20 % of worldwide commerce passages, about 4% of the world GDP,” the crown prince, often known as MBS, stated.
“Imagine all of these three issues stop. This means a complete collapse of the global economy, and never just Saudi Arabia or the Middle East countries.”
He urged the world to take “strong and firm action to prevent Iran” and stop the scenario from further escalation.
MBS also stated that he agrees with US Secretary of State Mike Pompeo’s conclusion that the September 14 attacks on the kingdom’s oil facilities have been an act of war by Iran.
The US, European powers, and Saudi Arabia have additionally blamed the attacks on Iran.
Tehran has vehemently denied any involvement, demanding proof, whereas Yemen’s armed group, the Houthis, has claimed responsibility.