- Joined
- Sep 20, 2016
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 Prince Mohammed bin Salman told 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.
"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.
https://www.aljazeera.com/news/2019/09/saudi-arabia-mbs-war-iran-collapse-global-economy-190930011429697.html
Crown Prince Mohammed bin Salman told 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.
"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.
https://www.aljazeera.com/news/2019/09/saudi-arabia-mbs-war-iran-collapse-global-economy-190930011429697.html
