Saudi Crown Prince Says Iran War Would Bring Down Global Economy

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Title : Saudi Crown Prince Says Iran War Would Bring Down Global Economy
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In comments that echo clear signals from the Trump administration that it doesn’t want to resort to conflict to punish Iran for disputed attacks on Saudi oil facilities, the prince said a “political and peaceful solution is much better than the military one.”

“Oil prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes,” he said of any war. Still, the world needed to take “strong and firm action to deter Iran” or see further escalations, the prince said in an interview for CBS’s “60 Minutes” on Sunday.

The U.S., Saudi Arabia and major European nations have all blamed Iran for the Sept. 14 aerial attacks on two Saudi oil installations, which knocked out almost 5% of global supply.

But after weighing their possible responses, President Donald Trump opted first to tighten sanctions on Tehran, while the U.K., Germany and France have pushed for talks with Iranian President Hassan Rouhani.

Iran denies it carried out the strikes, saying they were the work of Yemen’s Houthi rebels who are fighting a Saudi-led coalition.

Together with apparent efforts to build on a fledgling peace process in Yemen, the international moves have eased fears that the Middle East was sliding toward another catastrophic war.