Saudi Crown Prince Warns Of Unimaginably High Oil Prices If World Does Not Firm Up Against Iran

Pressing on the world to take 'strong' and 'firm' action against Iran, the Crown Prince of the Kingdom of Saudi Arabia (KSA), Mohammed bin Salman warned on Monday (30 September) that the oil prices could otherwise shoot to unimaginably high numbers, reports The Indian Express.

Saudi Arabia has blemished the Iranian Republic for the 14 September attack on its oil fields and processing facilities, the responsibility for which has been claimed by the Houthi rebels of Yemen. The Saudi assertions have also been buttressed by the United States, United Kingdom, and Germany.

Crown Prince Salman warned, “Oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that we have not seen in our lifetimes.” It should be noted here that the day after the strikes on Saudi oil facilities, the crude prices had shot up by a whopping 19.5 per cent in a single day.

The comments were made by the Crown Prince of the KSA in an interview to the US-based broadcaster CBS for its show, ‘60 minutes’. In the interview, he said that he would prefer a political response to Iran as a military confrontation could doom the global economy.