Saudi Warns War With Iran Will Shoot Oil Price To All Time High

Saudi Arabia’s crown prince has warned that oil prices could rise to “unimaginably high numbers” if the world does not act to deter Iran.

He cautions that a war between Saudi Arabia and Iran would ruin the global economy, following an attack on its oil facilities two weeks ago which it blames on Iran.

Mohammed Bin Salman, who is the heir to the Saudi throne, warns if the world does not take a strong and firm action to deter Iran, it will see further escalations that will threaten world interests.

According to him, oil supplies will be disrupted and oil prices will jump to unimaginably high numbers that the world has not seen in our lifetimes.

Iran has denied any involvement in the attacks on Saudi Arabia’s oil facilities, which the strikes that knocked out about 5% of global oil supply and sent oil prices soaring.

Saudi Arabia says 18 drones and seven cruise missiles were fired on the country’s two oil facilities in Abqaiq and Khurais on 14 September.

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