Oil may hit 'unimaginably high numbers', stop Iran: MBS | Editorji
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Oil may hit 'unimaginably high numbers', stop Iran: MBS

Sep 30, 2019 14:41 IST

Saudi Arabia's crown prince warned in an interview to CBS's '60 Minutes', that oil prices could spike, and I quote, to "unimaginably high numbers" if the world does not come together to deter Iran. The crown prince clarified that he would prefer a political solution to a military one.

 Mohammed bin Salman, the kingdom's de facto ruler said if action wasn't taken against Iran, oil supplies will be disrupted and  prices would jump to levels we haven't seen in our lifetimes.

In September a drone attack, allegedly by Iran knocked out more than 5% of global oil supply from Saudi Aramco. 

Economy