Tue, 2019-10-01 01:50
JEDDAH: Oil prices stabilized on Monday after Saudi Crown Prince Mohammed bin Salman called for diplomatic solutions to the crisis with Iran and the war in Yemen.
Armed conflict with Iran would be catastrophic for global growth, the crown prince said. “Oil supplies will be disrupted and prices will jump to unimaginably high numbers that we haven’t seen in our lifetimes. This means a total collapse of the global economy, and not just Saudi Arabia or the Middle East.
“The political and peaceful solution is much better than the military one.”
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