Saudi Prince Warns Regional War with Iran Could Lead to ‘Total Collapse of Global Economy’
- Saudi Prince Warns Regional War with Iran Could Lead to ‘Total Collapse of Global Economy’
by A war with Iran would lead to “a total collapse of the global economy”, Saudi crown prince Mohammed bin Salman has said, as he called for a political solution and endorsed talks between Donald Trump and Iranian leaders.
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Speaking two weeks after Iran allegedly bombed major Saudi oil facilities, and as new footage of the attack surfaced, the kingdom’s de-facto ruler said that a full-scale conflict in the Persian Gulf would cause oil prices to jump to “unimaginably high numbers that we haven’t seen in our lifetimes”.
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“The political and peaceful solution is much better than the military one,” Crown Prince Mohammed told CBS News. Saudi Arabia has taken a relatively mild approach since the September 14 attack on oil facilities at Abqaiq and Khurais, which the US blames on Iran, and has not called for military retaliation.
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That stance is believed to reflect Saudi concerns that they would be the main target for Tehran if a regional war did break out, and that the kingdom’s military would struggle to defend against experienced Iranian forces.
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