Saudi prince says war between Saudi Arabia and Iran would be catastrophic for the world economy.

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Saudi prince says war with Iran would gut the world’s economy

Saudi Arabia’s crown prince said in an interview that war with Iran would devastate the global economy, and he preferred a non-military solution to tensions with his regional rival. The Prince said a war between Saudi Arabia and Iran would be catastrophic for the world economy. “The region represents about 30 per cent of the world’s energy supplies, about 20 per cent of global trade passages, about 4 per cent of the world GDP. Imagine all of these three things stop,” he said.”There is no strategic goal. Only a fool would attack five percent of global supplies. The only strategic goal is to prove that they are stupid and that is what they did,” said the prince.

Saudi prince says war with Iran would gut the world’s economy

In a possible sign of diplomacy, Iraqi Prime Minister Adel Abdul Mahdi announced that he would visit Tehran soon, in an effort to reduce tension in the region, according to Iraqi media.  “Abdul Mahdi, who has arrived from Saudi Arabia wants to invite Saudi Crown Prince bin Salman and the Iranian President Hassan Rouhani to Baghdad for a meeting,” he was quoted as saying. Earlier, Pakistani Prime Minister Imran Khan said that he was also making an effort to mediate between Tehran and Riyadh. He held talks with Saudi Arabia’s leaders in Riyadh, as well as with Rouhani at the United Nations.

A report by a UN human rights expert, who conducted an independent probe, said there was “credible evidence” linking the Crown Prince to the murder and an attempted cover up. The CIA has also reportedly said the killing was likely ordered by Prince Mohammed. But Saudi prosecutors have absolved the Prince and said around two dozen people implicated in the murder were in custody, with death penalties sought against five men.

 

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